Equilibrium literally means:

Related MCQs

• When a purely competitive firm is in long-run equilibrium, price is equal to:
• A market is clearly NOT perfectly competitive if which of the following is true in equilibrium
• If a perfectly competitive industry is in long-run equilibrium, which of the following is most likely to be true
• Firms in monopolistic competition in long run equilibrium ________ than firms in perfect competition.
• In monopolistic competition in long run equilibrium, the price will be equal to:
• If many students choose to study to become accountants, when all of these students eventually graduate, we can expect accountant's wages to ________, and the equilibrium number of accountants will ________
• When the perfectly competitive firm and industry are both in long-run equilibrium
• When the perfectly competitive firm but not the industry is in long-run equilibrium,
• An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come
• At the point of equilibrium of a monopolist MC cuts MR curve