From the following which is incorrect with respect to firm's profit maximization in long run? 1. Price = Long Run Marginal Cost 2. LRMC is first…
CUET UG 2025 — Economics Micro
From the following which is incorrect with respect to firm's profit maximization in long run?
- Price = Long Run Marginal Cost
- LRMC is first decreasing and then increasing
- Price = Short Run Marginal Cost
- Price ≥ Long Run Average Variable Cost
Held on 31 May 2025 · Verified 13 Jul 2026.
Options
- A
Price = Long Run Marginal Cost
- B
LRMC is first decreasing and then increasing
- C
Price = Short Run Marginal Cost
- D
Price ≥ Long Run Average Variable Cost
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