Multiple Choice
An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come
A) entirely from new firms
B) entirely from existing firms
C) either entirely from new firms or entirely from existing firms
D) partly from new firms and partly from existing firms.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: When the perfectly competitive firm and industry
Q13: Third degree price discrimination occurs when the
Q14: If the monopolist incurs losses in the
Q15: The best, or optimum, level of output
Q16: Lerner Index is a measure of:<br>A)Elasticity of
Q18: Price discrimination is an essential feature of<br>A)Perfect
Q19: At the point of equilibrium of a
Q20: Price discrimination is possible:<br>A)Under any market form<br>B)only
Q21: When the perfectly competitive firm but not
Q22: Under monopoly the slope of AR curve