If there is a positive level of output at which a firm's profit is maximized in the short run, that condition must not hold at that output level:
CUET UG 2025 — Economics Micro
If there is a positive level of output at which a firm's profit is maximized in the short run, that condition must not hold at that output level:
Held on 22 May 2025 · Verified 13 Jul 2026.
Options
- A
Price = Short run Marginal Cost.
- B
Short run Marginal Cost is non-decreasing.
- C
Price = Short run Average Cost.
- D
Price ≥ Average Variable Cost.
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