Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

When the perfectly competitive firm and industry are both in longrun equilibrium

/ » Micro economics 2 solved MCQs / By
Question:

When the perfectly competitive firm and industry are both in longrun equilibrium

A.

P = MR = SMC = LMC

B.

P = MR = SAC = LAC

C.

P = MR =Lowest point on the LAC curve

D.

All of the above

Answer» d. All of the above

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