SSC CGL 2017 Tier 1 Questions and Answers

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if-the-firm-has-zero-costs-or-only-has-fixed-cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero

Question

If the ___________ ﬁrm has zero costs or only has ﬁxed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero

A Perfect Competition

B Monopoly

C Oligopoly

D Monopolistic Competition

Answer & Explanation
Answer: Option [A]

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