In the long run, which of the following is applicable to a firm undermonopolistic competition

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Question:

In the long run, which of the following is applicable to a firm undermonopolistic competition

A.

AR = AC

B.

AR > AC

C.

AR < AC

D.

AR = MC

Answer» a. AR = AC

Note: The above multiple-choice question is for all general and Competitive Exams in India.