In the long-run some firms will exit the market if the price of the good offered for sale is less than ?

Related Mcqs:

The long-run market supply curve ?

A. is always more elastic than the short-run market supply curve. B. is always perfectly elastic C. has the same elasticity as the short run market supply curve D. is always less elastic than the short-run market supply curve...

The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ?

A. At their lowest points B. When they are declining C. When they are increasing D. When marginal revenue is zero...

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of ?

A. decreasing returns to scale B. The law of diminishing returns C. constant returns to scale D. an inefficient production technique...

A grocery store should close at night if the ?

A. variable costs of staying open are less than the total revenue due to staying open. B. total costs of staying open are less than the total revenue due to staying open C. variable costs of staying open are greater than the total revenue due to staying open D. total costs of staying open are … A grocery store should close at night if the ?Read More...

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...