Equilibrium literally means:

Related MCQs

• Equilibrium price is determined under perfect competition by
• The condition of equilibrium of the industry under perfect competition is
• 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
• The term group equilibrium is referred to
• Under monopolistic competition, the long run equilibrium of the firm is established at the
• The short run equilibrium level of output of the monopolistic competitor is given by
• When a group of monopolistic competition attains the equilibrium, the firms in the group
• Under monopoly, the equilibrium price is
• The equilibrium level of output for a perfectly competitive marketis