In perfect competition a firm's price is equal to its marginal revenue which is again equal to average revenue. This form maximizes its profits when its marginal cost (MC) is equal to price (p). Which of the curves in the diagram below represents the firm's marginal cost (MC)?
a
Curve I
b
Curve ll
c
Curve lll
d
Curve lV
e
Curves l and lll
Explanation
Correct Option
dNo explanation available
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Deepthinker581
4 years ago
This question is a repeated question
But it came inform of a diagram 😂😂😂
The marginal cost goes below the low average cost was the answer in words to the first question asked
