A firm under perfect competition will be making minimum losses (in the short run) at a point where?

MC>MR
MR>MC
MC=MR
AC=AR

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 3

A firm under perfect competition will be making minimum losses (in the short run) at a point where MC=MR. In order to maximize profits in a perfectly competitive market, firms set marginal revenue equal to marginal cost (MR=MC).

4 views Answered 2022-09-01 13:21

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