Ayushi Asked a Question
August 12, 2020 7:08 pmpts 30 pts
35. MC= MR=AR AC, this will happen (1) In the short run under perfect competition (2) In the short run under monopolistic competition (3) In tse long run under perfect competition (4) In the long run under monopolistic competition
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  • Nidhi taparia Best Answer
    The right answer is (3). In the long run, a perfectly competitive market has equilibrium situation as - MR = MC = AR = AC Whenever MR = AR, it is perfect competition straightaw...
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