A firm wishes to maximize its profit, find the correct conditions from the following, that must be held by the firm at q₂ at which its profit is…
CUET UG 2025 — Economics Micro
A firm wishes to maximize its profit, find the correct conditions from the following, that must be held by the firm at q₂ at which its profit is maximum.
(A) The price must be less than the average variable cost
(B) The price must be greater than the average variable cost
(C) Marginal cost must be non-decreasing
(D) The price, p, must equal MC
Choose the correct answer from the options given below:
Held on 30 May 2025 · Verified 13 Jul 2026.
Options
- A
(A), (B) and (D) only
- B
(A), (C) and (D) only
- C
(A), (B), (C) and (D)
- D
(B), (C) and (D) only
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