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

Related MCQs

• 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
• 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
• An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come
• ________ is a market in which there are only a few large buyers for a product or service.
• Existence of large number of buyers and sellers and homogenous product is a feature of :
• There are only a few sellers under
• A monopolist produces 14,000 units of output and charges Rs.14 per unit. Its marginal revenue is Rs.8, its marginal cost is Rs.7 and rising, its average total cost is Rs.10, and its average variable cost is Rs.9. The monopolist should
• The market structure Perfect mobility of factors and products is called
• Under perfect market conditions mobility of resources and products are