Only its LMC

Only its LMC and its LAC

Only its LMC and its SMC

Its LMC, LAC, SMC and SAC

If the industry has constant costs

If the industry has decreasing costs

If the industry has increasing costs

Never

They include monopolistic competitors and monopolists

They can always raise their prices and still retain some customers

They may set different prices in the short run and in the long run

We do not analyse them using diagrams with supply and demand curves

The demand and average revenue curves only

The demand and marginal revenue curves only

The average revenue and marginal revenue curves only

The demand, average revenue and marginal revenue curves

The firm’s SMC and MR curves intersect at an output of 100, and the point on its demand curve at this output is at Rs.10

The firm’s SMC and MR curves intersect at an output of 100, and the point on its MR curve at this output is at Rs.10

The firm’s SMC and AR curves intersect at an output of 100, and the point on its MR curve at this output is at Rs.10

The firm’s SMC and AR curves intersect at an output of 100, and the point on its AR curve at this output is at Rs.10