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Statement a is true. The intersection of SMC and MR is always best, unless it results in a loss that exceeds the firm's total fixed costs, in which case it is better to shut down and produce nothing. To find the price a price-setter must set, we always look at the point on its demand curve at the output it wishes to sell.
Which trilateral exercise aims to enhance maritime security and interoperability among India, the Maldives, and Sri Lanka?
What is the primary purpose of the C-295MW transport aircraft received by the Indian Air Force from Airbus?
Who won the 2022 Adelaide International 1 tennis tournament played in Adelaide, South Australia, Australia?
Fragrance & Flavour Development Centre has been set-up in the year 1991 by Ministry of ____________.
What does the State of the Cryosphere Report 2023 warn about the impact of a 2°C global warming scenario?
In which of the following Indian currency notes the Chariot of Hampi (Karnataka) is inscribed?
Which Indian state has initiated a caste-based census, becoming the second statefter Bihar to undertake this exercise?