In Porter’s five force model conditions are more favorable for firms within an industry if ?

Related Mcqs:

A profit maximizing firm is perfect competition produces where ?

A. Total revenue is maximized B. Marginal revenue equals zero C. Marginal revenue equals marginal cost D. Marginal revenue equals average cost...

In monopolistic competition ?

A. Firms face a perfectly elastic demand curve B. All products are homogeneous C. Firms make normal profits in the long run D. There are barriers to entry to prevent entry...

In a competitive industry each buyer and seller ?

A. is a price taker B. Producer different products C. Believes that can influence price D. Prevents the entry of competitors...

The competitive firm maximize profit when it produces output up to the point where ?

A. price equals average variable cost B. marginal revenue equals average revenue C. marginal cost equals total revenue D. marginal cost equals marginal revenue...

When average cost is falling marginal cost is ________ and when average cost is rising marginal cost is?

A. greater than average cost, greater than average cost B. less than average cost, greater than average cost C. less than average cost, less than average cost D. greater than average cost, less than average cost...