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.Management Sciences
A. Product
B. Price
C. Place
D. Presence
Related Mcqs:
- Which of the following market would most closely satisfy the requirements for a competitive market ?
- A. electricity B. cable television C. cola D. milk E. All of these answers represent competitive markets...
- A production is technique is technically efficient if ?
- A. output is maximized B. inputs are minimized C. there is no way to make a given output using less of one input and no more of the other inputs D. Costs are minimized...
- 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 competitive firm doubles its output its total revenue ?
- A. doubles. B. more than double C. less than doubles. D. cannot be determined because the price of the good may rise or fall...
- 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...
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