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:A firm will shut down in the long run if its earning is?Birds which are large with long straight pointed…The long-run average cost curve touches to the…If the short-run cost curve of a firm is U-shaped;…In the diagram below, the curve which represents…