In the long period, the monopoly firm achieves equilibrium at that level of output where the _______________.

SRMC = SRMR

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LRMC = LRMR

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LRAR=LRAC=SRMR

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AR=MR=P

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Solution

The correct option is B LRMC = LRMR
In the long run the monopoly firm achieves equilibrium at that level of output where LRMC=LRAC.
Graphically this is attained at a point where LRMC cuts LRAC from below.

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In the long period, the monopoly firm achieves equilibrium at that level of output where the _______________.

The correct option is B LRMC = LRMRIn the long run the monopoly firm achieves equilibrium at that level of output where LRMC=LRAC.Graphically this is attained at a point where LRMC cuts LRAC from below.

The correct option is B LRMC = LRMR
In the long run the monopoly firm achieves equilibrium at that level of output where LRMC=LRAC.
Graphically this is attained at a point where LRMC cuts LRAC from below.