A. Price equals marginal revenue
B. price is greater than marginal revenue
C. price equals total revenue
D. price equals total cost
For a perfectly competitive firm ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. The price covers average variable cost
B. The price covers variable cost
C. The price covers average fixed cost
D. The price covers fixed costs
In the short run firms in perfect competition will still produce provided ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. Total revenue is maximized
B. Marginal revenue equals zero
C. Marginal revenue equals marginal cost
D. Marginal revenue equals average cost
A profit maximizing firm is perfect competition produces where ? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition A. perfectly elastic demand curve
B. perfectly inelastic demand curve
C. perfectly elastic supply curve
D. perfectly inelastic supply curve
Firms in perfect competition face a? Read More »
Costs, Economics Mcqs, Supply And Perfect Competition