In case of short-run equilibrium, a perfectly competitive firm while earning abnormal profits operates at an output level where:
| A. | Marginal cost is the minimum |
| B. | Average cost is me minimum |
| C. | Both marginal cost and average cost are equal |
| D. | Marginal cost is higher than average cost |
Answer : D Explanation : |
|
|
Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
