Economics · Market Equilibrium
What is true in long-run equilibrium for a firm in a perfectly competitive market?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Marginal Cost > Average Cost
- 2Price < Average Cost
- 3Price = Marginal Cost = Average Cost✓
- 4Price > Marginal Cost
Correct answer
Price = Marginal Cost = Average Cost
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 Market Equilibrium MCQs →Want more practice questions on Market Equilibrium?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Market Equilibrium