If you were running a firm in a perfectly competitive industry, you would be spending your time making decisions on ?

Related Mcqs:

Most empirical studies show that firm’s cost curves ?

A. slope up to the right B. are U-shaped C. slope down to the right D. slope down to the right and then level off....

The normal rate of profit for relatively risk-free firms will be _________ the interest rate on risk-free government bonds?

A. approximately one-half B. smaller than C. larger than D. approximately equal to...

Which statement is False ?

A. Fixed costs are zero if the firms is producing nothing. B. Fixed costs are the difference between total costs and total variable costs C. There are no fixed costs in the long run D. Fixed costs do not depend on the firm’s level of output...

If a firm has some degree of market power, then output price ?

A. no longer influences the amount demand of the firm’s product B. becomes a decision variable for the firm C. is guaranteed to be above a firm’s average cost. D. is determined by the actions of other firms in the industry...

A form of industry structure characterized by a few firms, each large enough to influence market price is ?

A. perfect competition B. monopolistic competition C. oligopoly D. monopoly...