In a competitive industry each buyer and seller ?

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...

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 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...

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...