IIT JAM
PreviousNext
Supratim Asked a Question
May 7, 2020 9:36 ampts 10 pts
  • IIT JAM
  • Biotechnology (BT)

I what will be the ans? i think it should be c. but in this long term monopolistics firm get normal profit because p=ac.

i think it should be c.. but i confused.I what will be the ans? i think it should be c. but in this long term monopolistics firm get normal profit because p=ac.
  • 1 Answer(s)
Answer Now
  • 0 Likes
  • 1 Comments
  • Shares
  • Eduncle Best Answer

    Dear Supratim,

    Greetings!!

    Answer will be C. For a firm to achieve long run , the marginal cost must be equal to the price and average cost.

    • WhatsApp Image 2020-05-10 at 08.58.14.jpeg
    Likes(0) Reply(0)
How Eduncle Helps You ?
StudentTutorInstitutionApp
Help
FAQsPayment TermsRefund PolicyAsk Support
Head Office :
MPA 44, 2nd floor, Rangbari Main Road,
Mahaveer Nagar II, Kota (Raj.) – 324005

Corporate Office:
212, F-1, 2nd Floor, Evershine Tower,
Amrapali Marg,
Vaishali Nagar, Jaipur (Raj.) – 302021

Mail: info@eduncle.com
All Rights Reserved © Eduncle.com