Which of the following is obtainable in a perfect market?...
Which of the following is obtainable in a perfect market?
P = MR > AR
MP = MC > P
MR < P
P = MR = MC
Correct answer is D
In a perfectly competitive market, the firm's demand curve is the firm's marginal revenue curve. The firm maximizes profits by producing where MR = MC.
One of these is not a way by which government encourage industrialization? ...
In Economics, a market is defined as any ...
If government increases in its expenditure on public works, the desired effect is ...
The long-run average cost curve is made up of several short-run ...
The trade-off between two commodities along the Production Possibility Curve (PPC) shows ...
Taxes levied on locally manufactured goods are called ...
The monopolist can determine ...
The efficiency of a country's labour force depends on all the following except ...