Like price, quantity to be sold by a firm under perfect competition is also fixed by the market. View Solution Draw AR curve under perfect competition. View Solution Doubtnut is No.1 Study App and Learning App with Instant Video Solutions for NCERT Class 6, Class 7, Class 8, Class 9, ...
A firm operating under conditions of perfect competition will generate zero economic profit in the long run. Firms may generate economic profits in the short run, but due to the lack of entry barriers, new competitors will enter the market and prices will adjust downward until economic profits ...
Why is the firm's demand curve flatter than the total market demand curve in monopolistic competition? Describe the supply curve of a perfectly competitive firm. Why is the demand curve of the firm under the perfect competition perfectly elastic?
Answer to: A monopoly will always produce at a lower price than a firm under perfect competition if the monopolist experiences economies of scale...
In the long-run, a firm operating under perfect competition will: A. generate zero economic profit. B. produce a quantity where marginal revenue is less than marginal cost. C. face a vertical demand curve.相关知识点: 试题来源: 解析 A 略 ...
A firm operating under perfect competition will maximize profits by producing additional units until:A. total revenue is at its maximum.B. marginal revenue exceeds marginal cost.C. price equals marginal cost. 正确答案:C 分享到: 答案解析: Firms operating under any market structure maximize profits...
A Second Look at Firm Behavior Under Perfect CompetitionAssume that the firm supplies a strictly positive and finite quantity. Then, the rule "marginal revenues = marginal costs" holds in the optimum.doi:10.1007/978-3-319-62662-8_9Martin Kolmar...
B. produce a quantity where marginal revenue is less than marginal cost.C. face a vertical demand curve. 正确答案:A 分享到: 答案解析: A firm operating under conditions of perfect competition will generate zero economic profit in the long run. Firms may generate economic profits in the short ...
In perfect competition, a firm that maximizes its economic profit will sell its good at a price that is A. below the market price. B. at the market price. C. above the market price. D. below the market price if its supply curve is inelastic and above the market price if its supply...
A. is not making a profit B. is experiencing decreasing returns to scale C. cannot cover its total costs D. is operating below the minimum point on the average variable cost curve 相关知识点: 试题来源: 解析 D 正确答案:D 解析:答案为D项。完全竞争厂商的平均变动成本的最低点为其停止营业或...