When the perfectly competitive firm and industry are both in long run equilibrium

Related MCQs

• When the perfectly competitive firm and industry are both in long-run equilibrium
• When a perfectly competitive industry is in long-run equilibrium, all firms in the industry
• When the perfectly competitive firm but not the industry is in long-run equilibrium,
• If a perfectly competitive industry is in long-run equilibrium, which of the following is most likely to be true
• In the long run, a perfectly competitive firm earning zero economic profits
• An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come
• The market demand curve for a perfectly competitive industry is QD = 12 - 2P. The market supply curve is QS = 3 + P. The market will be in equilibrium if
• When a purely competitive firm is in long-run equilibrium, price is equal to:
• 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
• The short-run supply curve of the perfectly competitive firm is given by