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:The long-run average cost curve is made up of…A firm's average cost decreases in the long-run because of?In which of the following markets does a firm have…A firm incurs short-run costs when?The type of cost which has to be covered for a firm…SEE ALSO One of the characteristics of a monopolist is that; he can influence?