In monopolistic competition firms profit maximize where ?

Related Mcqs:

The long-run market supply curve ?

A. is always more elastic than the short-run market supply curve. B. is always perfectly elastic C. has the same elasticity as the short run market supply curve D. is always less elastic than the short-run market supply curve...

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of ?

A. decreasing returns to scale B. The law of diminishing returns C. constant returns to scale D. an inefficient production technique...

In the short run, the competitive firm’s supply curve is the portion of the marginal cost curve that lies above the average variable cost curve?

A. Upward-sloping portion of the average total cost curve B. upward-sloping portion of the average variable cost curve C. portion of the marginal cost curve that lies above the average total cost curve. D. entire marginal cost curve. E. portion of the marginal-cost curve that lies above the average variable cost curve...

A grocery store should close at night if the ?

A. variable costs of staying open are less than the total revenue due to staying open. B. total costs of staying open are less than the total revenue due to staying open C. variable costs of staying open are greater than the total revenue due to staying open D. total costs of staying open are … A grocery store should close at night if the ?Read More...

For a competitive firm, its short run supply curve is ______ and its long run supply curve is _____?

A. SMC, LMC B. SMC above SAVC, LMC above LAC C. SMC below SAVC, LMC above LAC D. SMC below SAVC, LMC bellow LAC...