CUET Economics - If there is a positive level of output at which a firm's profit is maximized in the short run, that condition must not hold at that output level: | PYQs + Solutions

CUET Economics 2025 22 May Shift 1

Micro

Medium

Price = Short run Marginal Cost.

Short run Marginal Cost is non-decreasing.

Price = Short run Average Cost.

Price ≥ Average Variable Cost.

✅ Correct Option: 3

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CUET Economics 2025 22 May Shift 1 PYQs