In the long run in perfect competition ?

Related Mcqs:

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...

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...

If an input necessary for production is in limited supply so that an expansion of the industry raises costs for all existing firms in the market, then the long-run market supply curve for a good could be ?

A. perfectly inelastic B. perfectly elastic C. upward sloping D. downward sloping...

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...