Excess capacity is a feature of equilibrium under

Related MCQs

• Excess capacity is a hallmark of
• The condition of short run equilibrium under monopolistic competition is
• The condition of short run equilibrium under perfect competition is
• The condition of short run equilibrium under perfect competition is
• A firm under perfect competitions shall be in equilibrium when marginal cost will be equal to marginal revenue and marginal cost curve is still
• Equilibrium price is determined under perfect competition by
• Under monopolistic competition, the long run equilibrium of the firm is established at the
• Under monopoly, the equilibrium price is
• When a purely competitive firm is in long-run equilibrium, price is equal to:
• A market is clearly NOT perfectly competitive if which of the following is true in equilibrium