Both in the short run and in the long run, a firm maximizes its profits when? by Sunday | Aug 3 | 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:If the short-run cost curve of a firm is U-shaped;…The long-run average cost curve is made up of…The average curve and the marginal curve are…Short-run period in production is a period too short…In the short-run; a firm marginal cost curve above…