In the long run in perfect competition ?

Related Mcqs:

For a competitive firm, marginal revenue is ?

A. total revenue divided by the quantity sold B. equal to the quantity of the good sold C. average revenue divided by the quantity sold D. equal to the price of the good sold...

A production is technique is technically efficient if ?

A. output is maximized B. inputs are minimized C. there is no way to make a given output using less of one input and no more of the other inputs D. Costs are minimized...

Decrease returns to scale means that _____ as ______?

A. Short run marginal cost rises, output rises B. long run marginal cost rises, output rises C. Short run average cost rises, output rises D. long run average cost rises, output rises...

Which of the following is not a characteristic of a competitive market ?

A. All of these answers are characteristic of a competitive market B. The are many buyers and sellers in the market C. The goods offered for sale are largely the same. D. Firms generate small but positive economic profits in the long run E. Firms can freely enter or exit the market...

In monopolistic competition ?

A. There are few sellers B. There are few buyers C. There is one seller D. There are many sellers...