Q1276
The conditions of long period equilibrium for a firm operating under perfect competition are 1. MC = MR 2. AC = AR 3. AR = MR 4. AC = MC Select the correct answer
A.
Only 1
B.
Both 1 and 3
C.
2, 3 and 4
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
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