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

Related Mcqs:

In the short run firms in perfect competition will still produce provided ?

A. The price covers average variable cost B. The price covers variable cost C. The price covers average fixed cost D. The price covers fixed costs...

Effective branding will tend to make ?

A. Demand more price inelastic B. Supply more price inelastic C. Demand more income elastic D. Supply more income elastic...

A competitive firm demand curve is ?

A. Horizontal B. vertical C. downward sloping D. elastic...

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...

Short run average total costs are equals to the sum of ____ and _____?

A. Short run opportunity costs, profit B. Short run variable costs, profit C. Short run average variable costs, profit D. Short run average variable costs, profit run average fixed costs...