Under perfect competition, the industry does not have any excess capacity because each firm produces at the minimum point on its -

Related MCQs

• Demand curve of a firm under perfect competition is :
• The equilibrium of a firm under perfect competition will be determined when -
• Under which market condition do firms have excess capacity?
• Perfect competition means -
• One of the essential conditions of perfect competition is :
• Buyers and Sellers will have perfect knowledge of market conditions under -
• The contractual arrangement under which an independent franchisee produces or sells a product or service under the brand name of the franchiser is known as
• If a firm is operating at loss in the short- period in perfect combination, it should :
• The total amount of physical capital in the economy or in a firm or industry is termed as
• An economy which does not have any relation with the rest of the world is known as