In a perfectly competitive market the firm is i... - JAMB Economics 1991 Question
In a perfectly competitive market, the firm is in long-run equilibrium at the output where?
A
marginal cost is minimum
B
average cost is minimum
C
total cost is minimum
D
marginal cost revenue is maximum
Ask EduPadi AI for a Detailed Answer
Correct Option: B
Please share this, thanks:
#JAMB #JAMB
Add your answer
No responses