The equilibrium price in the short period is called:

Related MCQs

• In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is
• 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
• 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
• Long run equilibrium price is also called:
• The condition of short run equilibrium under monopolistic competition is
• The condition of short run equilibrium under perfect competition is
• The condition of short run equilibrium under perfect competition is
• The short run equilibrium level of output of the monopolistic competitor is given by
• 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: