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.Management Sciences
A. the minimum of their average-total-cost curves
B. all of these answers are correct
C. their efficient scale
D. zero economic profit
E. intersection of marginal cost and marginal revenue
Related Mcqs:
- If all firms in a market have identical cost structures and if inputs used in the production of the good in that market are readily available, then the long-run market supply curve for that good should be ?
- A. downward sloping B. perfectly inelastic C. upward sloping D. perfectly elastic...
- The firms long run output decision will be where ?
- A. long run average cost is lowest B. marginal revenue equals output C. marginal revenue equals long run marginal cost D. marginal cost equals output...
- The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ?
- A. At their lowest points B. When they are declining C. When they are increasing D. When marginal revenue is zero...
- In the long run in perfect competition ?
- A. price = average cost = marginal cost B. price = average cost = total cost C. price = marginal cost = total cost D. Total revenue = Total variable cost...
- If a firm takes over a competitor then, according to porter’s 5 forces model ?
- A. Buyer power is higher B. Supplier power is higher C. Substitute threat is higher D. Rivalry is lower...
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