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

(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

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✅ Correct Answer: (D) equating marginal cost and marginal revenue

Published by Mr. Dubey ⭐ 104.85K Points at 20-Sep-2023 12:33 pm in Industrial Engineering

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