Full equilibrium under perfect competition requires that?...
Full equilibrium under perfect competition requires that?
MC =MR and AC =AR
MC = MR but AR>AC
MR =MC =AR=AC
TR>TC
MR=MC
Correct answer is C
Equilibrium in perfect competition is the point where market demands will be equal to market supply.
The long-run equilibrium of a perfectly competitive market occurs when marginal revenue equals marginal costs, which is also equal to average total costs.
Parallel markets are usually the results of ...
Economic goods are termed scarce goods when they are ...
Monetization refers to the ratio of ...
Depreciation = $40,000 Gross Domestic Product = $100,000 Factor Payments to Foreigners = $20,0...
In Economics production is complete when ...
If a good is an inferior good, then ...
To improve the balance of payment s position in West African countries, there must be ...
The primary objective of establishing the Export Process Zone is to ...
Positive check as envisaged by Thomas Malthus can be prevented if ...