If a firm sells its output on a market that is characterized by many sellers and buyers, a homogeneous product, unlimited long-run resource mobility, and perfect knowledge, then the firm is a

Related MCQs

• If a firm sells its output on a market that is characterized by many sellers and buyers, a differentiated product, and unlimited long-run resource mobility, then the firm is
• If a firm sells its output on a market that is characterized by a single seller and many buyers of a homogeneous product for which there are no close substitutes and barriers to long-run resource mobility, then the firm is
• If a firm sells its output on a market that is characterized by few sellers and many buyers and limited long-run resource mobility, then the firm is
• An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come
• Existence of large number of buyers and sellers and homogenous product is a feature of :
• The market structure Perfect mobility of factors and products is called
• Under perfect market conditions mobility of resources and products are
• The marker structure with Perfect mobility of factors and products is called
• Under perfect market conditions the individual firm in the industry has control over the price of the product.
• Under perfect market conditions the individual firm in the industry has ------------------- control over the price of the product.