Q. In the long run equilibrium of a competitive firm, which one of the following will not hold true?

(A) Price will equal marginal cost
(B) Marginal cost will equal average cost
(C) Price will equal average cost
(D) Prices will equal average variable cost

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✅ Correct Answer: (D) Prices will equal average variable cost

Published by Mr. Dubey ⭐ 111.54K Points at 20-Sep-2023 12:33 pm in Industrial Engineering

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