In the long run in perfect competition ? – McqOptions

MCQOPTIONS

1.	In the long run in perfect competition ?
A.	The price equals the total revenue
B.	Firms are allocatively inefficient
C.	Firms are productively efficient
D.	The price equals total cost
Answer» D. The price equals total cost

Discussion

No Comment Found

Related MCQs

Which of the following is not one of the four Ps in marketing ?
If an input necessary for production is in limited supply so that an expansion of the industry raises costs for all existing firms in the market, then the long-run market supply curve for a good could be ?
Decrease returns to scale means that _____ as ______?
Short run average total costs are equals to the sum of ____ and _____?
A competitive firm demand curve is ?
A competitive firm produces a level of output at which ?
Which of the following is not a characteristic of a competitive market ?
Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of ?
For perfect competition to work there must be ?
The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ?