In the long run a firm in perfect competition earns

Related MCQs

• In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to
• In short run a monopolistic competition firm will be in equilibrium where
• The positively sloped part of long run cost curve of a firm is due to
• The negatively sloped part of long run cost curve of a firm is due to
• Under perfect market conditions a firm is said to be in equilibrium where
• Under perfect market conditions the supply curve of a firm is represented by
• What will happen if a firm in perfect competitive market, increase its output by 50%
• Total profit of a firm in a perfect competitive market is –
• Long run supply curve of a constant cost industry is
• Long run supply curve of a increasing cost industry is