Both in the short run and in the long run, a firm maximizes its profits when? By: Sunday|Published on: Aug 3|Categories: Economics WAEC| 0 comments A. MC = MR B. AC = MC C. AVC = AC D. MC = AVC Correct Answer: Option A – MC = MR Users Also Read These:An example of a long-run cost of a firm is?JSS1 Second Term English Language Lesson Note –…Short-run period in production is a period too short…The long run is a period during which a firm?The notion of short-run and long-run periods is…SEE ALSO If AC and MC are represented on a graph, the MC curve will cut the AC curve?