Home » Economics » A market condition where profit is maximized when MR = AR = MC = P…A market condition where profit is maximized when MR = AR = MC = P… A market condition where profit is maximized when MR = AR = MC = P is known as A. monopoly B. oligopoly C. monopsony D. perfect competition E. duopoly Correct Answer: Option D Explanation Related Posts Price elasticity of demand is define as the The long-run average cost curve is called a planning curve because it shows what happens… If technology becomes less capital-intensive, it means? The ‘terms of trade’ means The inefficient distribution of scarce commodities in Nigeria is mostly due to the? A firm operating at full capacity will have a
