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Question Practice

If marginal cost is rising and equal to price, what can be inferred about the firm's profit maximization?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

If marginal cost is rising and...

Single Answer MCQ
Q-00089517

If marginal cost is rising and equal to price, what can be inferred about the firm's profit maximization?

1

Profits are decreasing

2

Firms will shut down

3

Profits are maximized

4

Pricing is inefficient

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