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:Under perfect competition; the short-run supply…The long-run average cost curve touches to the…In the diagram below, the curve which represents…In which of the following markets does a firm have…In the long run, a firm must shut down if its…