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Commerce · Q499

Economics

Graduate and Post Graduate · Commerce · question 499

Q499

In the long run, equilibrium in perfect competition is attained when

A.
Price = Average Cost = Marginal Cost
Answer
B.
Price = Average Cost = Total Cost
C.
Price = Marginal Revenue = Total Cost
D.
Total Revenue = Total Variable Cost

Answer: Option A

Solution

Answer: Option A
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