In a perfectly competitive market, individual firm

Related MCQs

• The condition for the long run equilibrium of a perfectly competitive firm
• Firms under perfectly competitive markets generally are
• The competitive firm’s long run supply curve is the portion of it’s …………..curve lies above average total cost.
• ……….. a schedule that depicts the supply by an individual firm or producer of a commodity in relation to its price
• …………a statement in the form of a table that shows the different quantities of a commodity that a firm or a producer offers for sale in the market at different prices.
• Selling at a lower price in export market and at a higher price at home market is called
• When an individual’s income falls (while everything else remains the same), his demand for an inferior good:
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• If a more efficient technology was discovered by a firm, there would be: