Shut-down point is a point where price is equal to

Related MCQs

• In perfect competition the shutdown point is defined by
• Break-even point is a point where price is equal to
• Assertion (A) Many oligopolistic industries exhibit an appreciable degree of Price rigidity or stability Reason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is
• If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price is equal to average total cost, then the firm
• The dual pricing system of charging high price during peak time and low price during of peak time is called
• The dual pricing system of charging high price during peak time and low price during of peak time is called
• When a purely competitive firm is in long-run equilibrium, price is equal to:
• In monopolistic competition in long run equilibrium, the price will be equal to:
• The price paid for any factor of production tends to be equal to: