Which of the following is NOT a condition for profit maximization of a perfectly competitive firm in the short run?
CUET UG 2025 — Economics Micro
Which of the following is NOT a condition for profit maximization of a perfectly competitive firm in the short run?
Held on 16 May 2025 · Verified 13 Jul 2026.
Options
- A
The price 'p' must equal MC
- B
Average revenue must be rising.
- C
Price must be greater than the average variable cost (p > AVC)
- D
Marginal cost must be non-decreasing at the profit maximizing level of output.
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