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 a firm doubles all inputs in the long run and the…A Crocodile's tail was three times as long as its…The average curve and the marginal curve are…The long-run average cost curve touches to the…Short-run period in production is a period too short…