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In a perfectly competitive market, the firm is in long-run equilibrium at the output ...
Classroom
Economics Classroom
Jamb
Jamb 1991
Market Structures
Perfectly Competitive Market
More Topics
In a perfectly competitive market, the firm is in long-run equilibrium at the output where?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Marginal cost is minimum
B
Average cost is minimum
C
Total cost is minimum
D
Marginal cost revenue is maximum
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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