When the perfectly competitive firm and industry are in long run equilibrium, then Options: A . &nbspP = MR = SAC = LAC B . &nbspD = MR = SMC = LMC C . &nbspP = MR = Lowest point on the LAC curve D . &nbspAll of the above

When the perfectly competitive firm and industry are in long run equilibrium, th

Question

When the perfectly competitive firm and industry are in long run equilibrium, then

Options:

A . P = MR = SAC = LAC

B . D = MR = SMC = LMC

C . P = MR = Lowest point on the LAC curve

D . All of the above

Answer: Option D

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