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In a particular competitive market, the firm is in long-run equilibrium at the output ...
Classroom
Economics Classroom
Post Utme
Post Utme 0
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In a particular 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 revenue is maximum
D
Marginal revenue is maximum
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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