Under competitive conditions, the industry will be in equilibrium
| A. | When each firm is in equilibrium equating MC with MR |
| B. | When all the firms are earning only normal profits |
| C. | When firms outside have no tendency to enter the industry and those within, have no tendency to leave the industry |
| D. | When all the three conditions are fulfilled. |
Answer : D Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
