A perfectly competitive market has ?

Related Mcqs:

If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is ?

A. a normal good B. none of these answers C. an inferior good D. a substitute good...

A shift in supply will have more effect on price than quantity if ?

A. The price elasticity of supply is – 3 B. The price elasticity of supply is – 0.2 C. The price elasticity of supply is – 2 D. The price elasticity of supply is infinity...

When supply increase in an agricultural market farmer’s earning might fall because ?

A. Supply is price elastic B. Demand is price inelastic C. The government buys up all the excess production D. All output must be sold at a maximum price...

If two firms doing the same thing in the same industry join together, this is known as a ?

A. vertical merger B. horizontal merger C. conglomerate merger D. hostile takeover...

A shift in demand will have more effect on price than quantity if ?

A. The price elasticity of supply is + 3 B. The price elasticity of supply is + 0.2 C. The price elasticity of supply is + 2 D. The price elasticity of supply is infinity...