When the perfectly competitive firm and industry are both in long run equilibrium
| A. | D = MR = SMC = LMC |
| B. | P = MR = SAC = LAC |
| C. | P = MR = Lowest point on the LAC curve |
| D. | All of the above |
Answer : C Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
