In the long run, a firm in a perfectly competitive market...
In the long run, a firm in a perfectly competitive market will make
Normal profit
Abnormal profit
Marginal profit
No profit
Correct answer is A
No explanation has been provided for this answer.
Minimum price legislation by government will ...
If price falls below the equilibrium ...
Which of the following is NOT a sources of national income statistics? ...
A firm operating at full capacity will experience rising short-run total costs when ...
If in this demand-supply diagram, the quantity supplied is OQ, then ...
The co-operative as a form of business organization differs from partnership by having ...
In perfect competition, the average revenue curve of a firm is ...
Which of the following is not true of a firm in equilibrium condition in perfect competition? ...