Select the INCORRECT condition for profit maximisation in the perfect market. 1. The price must equal to MC. 2. Marginal cost must be non-decreasing.…
CUET UG 2025 — Economics Micro
Select the INCORRECT condition for profit maximisation in the perfect market.
- The price must equal to MC.
- Marginal cost must be non-decreasing.
- Price must be less than the average cost.
- Price must be greater than the average cost.
Held on 31 May 2025 · Verified 13 Jul 2026.
Options
- A
The price must equal to MC.
- B
Marginal cost must be non-decreasing.
- C
Price must be less than the average cost.
- D
Price must be greater than the average cost.
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