In the short run, the competitive firm can maximise its profits (or minimise its losses) by

Industrial Engineering Mcqs
BILAL KHATTAK0

A.equating price and marginal revenue
B.equating price and average total cost
C.increasing marginal cost and lowering average fixed costs
D.equating marginal cost and marginal revenue

Related Mcqs:

  1. A competitive firm will maximise profits at the output where
  2. In the long run equilibrium of a competitive firm, which one of the following will not hold true?
  3. In the short run, in cannot produce at an economic profit
  4. Which one of the following pairs is correctly matched?
  5. In a factory the costs which increase as output increases are known as
  6. A monopolist makes maximum profits when
  7. For an organisation those costs which do not, increase as output increases, are known as
  8. For manufacturing firm
  9. Which of the following statement is correct?
  10. Select the correct expression

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