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Commerce · Q262

Economics

Graduate and Post Graduate · Commerce · question 262

Q262

When ______, we know that the firms are earning just normal profits.

A.
AC = AR
Answer
B.
MC = MR
C.
MC = AC
D.
AR = MR

Answer: Option A

Solution

Answer: Option A
Solution:
When AC = AR, we know that the firms are earning just normal profits.