In monopolistic competition ?

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...

If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long run, cause ?

A. an increase in the number of firms in the market but no increase in the price of the good B. an increase the price of the good and an increase in the number of firms in the market C. an increase the price of the good but no increase in the number of firms … If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long...

A competitive firm demand curve is ?

A. Horizontal B. vertical C. downward sloping D. 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 monopolistic competition ?

A. Demand is perfectly elastic B. Products are homogeneous C. Marginal revenue = price D. The marginal revenue is below the demand curve and diverges...