In the long run in perfect competition ? – McqOptions

MCQOPTIONS

1.	In the long run in perfect competition ?
A.	price = average cost = marginal cost
B.	price = average cost = total cost
C.	price = marginal cost = total cost
D.	Total revenue = Total variable cost
Answer» B. price = average cost = total cost

Discussion

No Comment Found

Related MCQs

Which of the following market would most closely satisfy the requirements for a competitive market ?
Which of the following is not one of the four Ps in marketing ?
Which of the following is not a characteristic of a competitive market ?
When average cost is falling marginal cost is ________ and when average cost is rising marginal cost is?
The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ?
The long-run market supply curve ?
The firms long run output decision will be where ?
The competitive firm maximize profit when it produces output up to the point where ?
In the short run, the competitive firm’s supply curve is the portion of the marginal cost curve that lies above the average variable cost curve?
In the short run a firm will produce zero output if ?