If a long run average cost curve is falling form left to right this is an example of ?

Related Mcqs:

Effective branding will tend to make ?

A. Demand more price inelastic B. Supply more price inelastic C. Demand more income elastic D. Supply more income elastic...

A competitive firm produces a level of output at which ?

A. Price is greater than marginal cost B. price equals marginal cost C. price is less than marginal cost D. None of the above...

In perfect competition ?

A. The products firm offer is very similar B. Products are heavily differentiated C. A few firms dominate the market D. Consumer have limited information...

In monopolistic competition ?

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

When average cost is falling marginal cost is ________ and when average cost is rising marginal cost is?

A. greater than average cost, greater than average cost B. less than average cost, greater than average cost C. less than average cost, less than average cost D. greater than average cost, less than average cost...