Multiple Choice
In a perfectly competitive market,a decrease in output could be caused by
A) an increase in consumer demand
B) a technological innovation
C) a decrease in input prices
D) a decrease in consumer demand
Correct Answer:
Verified
Correct Answer:
Verified
Q36: Which of the following is true regarding
Q37: The firm earns an economic profit whenever<br>A)price
Q38: In short-run equilibrium in a perfectly competitive
Q39: In a perfectly competitive market,<br>A)each firm faces
Q40: In a perfectly competitive market,the first firm
Q42: In a perfectly competitive market,a new firm
Q43: The change in a firm's total revenue
Q44: In the long run,each perfectly competitive firm
Q45: In a perfectly competitive market,the driving force
Q46: Of the following products,which is most standardized?<br>A)pizza<br>B)concrete<br>C)automobiles<br>D)clothing<br>E)paintings