GkSeries.com

Commerce Short Question | Gkseries

Q.

In the short-run, when a simple monopoly firm attains equilibrium and earns only normal profit, its level of output will correspond to :

[A] Lowest average cost
[B] Average cost above optimum level of output
[C] Average cost equals marginal cost
[D] Marginal cost much below average cost
Answer & Explanation

Answer: Marginal cost much below average cost

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Please share this page

Click Here to Read more questions

Teacher Eligibility Test