In perfect competition ?

Related Mcqs:

In the long run, the competitive firm’s supply curve is the ?

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

Decrease returns to scale means that _____ as ______?

A. Short run marginal cost rises, output rises B. long run marginal cost rises, output rises C. Short run average cost rises, output rises D. long run average cost rises, output rises...

If a firm is not operating at the output necessary to achieve all scale economies, it has not achieved its ?

A. Efficient scale B. Average efficient scale C. Maximum efficient scale D. Minimum efficient scale...

In perfect competition ?

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...

Which of the following is not one of the four Ps in marketing ?

A. Product B. Price C. Place D. Presence...