Economic efficiency is achieved in the long run in the case of

Related MCQs

• Zero economic profit arises in the long run in the case of
• 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
• In the long run, a competitive firm can earn
• When the perfectly competitive firm and industry are both in long run equilibrium
• Which of the following condition are met in the long run equilibrium of the monopolistic competitor earning only normal profit
• Under monopolistic competition, the long run equilibrium of the firm is established at the
• In long run all the firms in the monopolistic competition
• In long run the monopolist can earn abnormal profit because of
• In the short-run, a competitive firm can earn