n which type of market structure do firm produce the level o

n which type of market structure do firm produce the level of output where P=MC?

Oligopoly

Monopoly

Monopolistic competition

Perfect Competition

In none of the market structures given do firms produce where P>MC

Solution

Answer is In none of the market structures given do firms produce where P>MC.

Explanation:

The equilibrium point of all the firms exist at a point where marginal revenue is equal to Marginal cost. Hence, none will produce at point where P> MC.