Match the LIST-I with LIST-II (SMC = Short run marginal cost, AVC = Average variable Cost, MR= Marginal Revenue) | | LIST-I | | LIST-II | |---|---|---|---| | A. | Perfectly competitive Market | I. | Normal profit in the long run | | B. | Point below where SMC curve cuts the AVC curve | II. | Break Even Point | | C. | Supply curve cuts the SMC curve at minimum | III. | Shut Down Point | | D. | MR is precisely the market price | IV. | Perfect Competition | Choose the correct answer from the options given below:

Question

Option 1: A-I, B-II, C-III, D-IV

Option 2: A-I, B-III, C-II, D-IV

Option 3: A-I, B-II, C-IV, D-III

Option 4: A-III, B-IV, C-I, D-II

AfterBoards · Accepted Answer

The answer is 'A-I, B-III, C-II, D-IV'. View full solution:

CUET Economics 2026 21st May Shift 2 PYQs

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