Economics · Producer Behaviour and Supply
Short-run profit maximisation for a competitive firm requires that price equals Marginal Cost (P = MC) and:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1AVC is rising
- 2AC is at its minimum
- 3MC is non-decreasing✓
- 4MC is falling
Correct answer
MC is non-decreasing
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Producer Behaviour and Supply MCQs →Want more practice questions on Producer Behaviour and Supply?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Producer Behaviour and Supply