In the long run, normal profits are included in the curve:

CA Foundation · Business Economics · MTP · September 2026
In the long run, normal profits are included in the curve:
(A) A. LAC
(B) B. LMC
(C) C. AFC
(D) D. SAC

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. LAC

Topics: Theory of Production and Cost

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