IIT JAM
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.
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  • 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.

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