Search
.Management Sciences
A. Short run abnormal profits are completed away by firms leaving the industry
B. Short run abnormal profits are competed away by firms entering the industry
C. Short run abnormal profits are competed away by the government
D. Short run abnormal profits are competed away by greater advertising
Related Mcqs:
- For a perfectly competitive firm ?
- A. Price equals marginal revenue B. price is greater than marginal revenue C. price equals total revenue D. price equals total cost...
- In Porter’s five force model conditions are more favorable for firms within an industry if ?
- A. Buyer power is high B. Supplier power is high C. Entry threat is low D. Substitute threat is high...
- In marketing “USP” stands for ?
- A. Unique Selling Proposition B. Underlying Sales Proposition C. Unit Sales Point D. Under Sales Procedure...
- 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...
- Which of the following is not one of the four Ps in marketing ?
- A. Product B. Price C. Place D. Presence...
Recent Comments