In the short run, the competitive firm can maximise its profits (or minimise its losses) by

Related MCQs

• A competitive firm will maximise profits at the output where
• In the long run equilibrium of a competitive firm, which one of the following will not hold true?
• In the short run, in cannot produce at an economic profit
• In long run
• Among the following which is the best example of a short term capital gain?
• The average revenue curve of a firm is
• For manufacturing firm
• Of the following, which one constitutes an implicit cost to a firm?
• Systematic apratisal of each job in the organisation to determine its comparative value, is known as
• Which of the following is not an advantage resulting from a company's training its employees?