A perfectly competitive firm gets only normal profit when
A) MC = MR
B) AC = AR
C) AC < AR
D) MC = AR
Correct Answer:
Verified
Q7: The foreign trade multiplier also known as
Q8: Investment Multiplier explains measures the change income
Q9: Under perfectly competitive market an individual seller
Q10: Uniform price is a feature of
A)Perfect competition
B)Monopoly
C)Monopolistic
Q11: Which of the following is not a
Q13: Which one of the following is a
Q14: Average revenue curve under perfect competition is
A)Upward
Q15: Marginal revenue curve under perfect competition is
A)Upward
Q16: Average revenue curve under imperfect competition is
A)Upward
Q17: Marginal revenue curve under imperfect competition is
A)Upward
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