In the long run, a competitive firm can earn

Related MCQs

• In the short-run, a competitive firm can earn
• If price is equal to average cost, in the short-run, the competitive firm can earn
• If price is greater than average cost, in the short-run, the competitive firm can earn
• If price is less than average cost, in the short-run, the competitive firm can earn
• When the perfectly competitive firm and industry are both in long run equilibrium
• In long run the monopolist can earn abnormal profit because of
• The short-run supply curve of a perfectly competitive firm is given by
• If the monopolist incurs loss in the short run, then in the long run
• If an oligopolist incurs losses in the short run, then in the long run
• Under monopolistic competition, the long run equilibrium of the firm is established at the