A profit maximizing firm is perfect competition produces where ?

Related Mcqs:

Which of the following market would most closely satisfy the requirements for a competitive market ?

A. electricity B. cable television C. cola D. milk E. All of these answers represent competitive markets...

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...

In perfect competition ?

A. Short run abnormal profits are completed away by firms leaving the industry B. Short run abnormal profits are competed away by firms entering the industry C. Short run abnormal profits are competed away by the government D. Short run abnormal profits are competed away by greater advertising...

In perfect competition ?

A. A few firms dominate the industry B. Firms are price makers C. There are many buyers but few sellers D. There are many buyers and sellers...

Which of the following is not one of the four Ps in marketing ?

A. Product B. Price C. Place D. Presence...