In the short run if the price is above the average total cost in a monopolistic competitive market, the firm makes

Related MCQs

• In short run a monopolistic competition firm will be in equilibrium where
• The output and cost pattern of a product are given below Output (q) 0 1 2 3 4 5 Total in `Cost (Tc) 35 42 53 08 75 88 From the above details what is the fixed cost or sunk cost
• If total production increases in the short run, the total cost will also……..
• Which of these is associated with a monopolistic competitive market –
• Total profit of a firm in a perfect competitive market is –
• When the price is less than the average variable cost, the firm should ………….
• What will happen if a firm in perfect competitive market, increase its output by 50%
• In a competitive market ………. is the price maker
• In a competitive market ……………….. is the price taker
• In a perfect competitive market price determines –