题目内容

What is true of a monopolistically competitive market in long-run equilibrium? ( )

A. Price is greater than marginal cost.
B. Price is equal to marginal revenue.
C. Firms make positive economic profits.
D. Firms produce at the minimum of average total cost.

查看答案

搜索结果不匹配？点我反馈

更多问题

If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit of scale and average total cost. ( )

A. economies, falling
B. economies, rising
C. diseconomies, falling
D. diseconomies, rising

查看答案

A perfectly competitive firm ( )

A. chooses its price to maximize profits.
B. sets its price to undercut other firms selling similar products.
C. takes its price as given by market conditions.
D. picks the price that yields the largest market share.

查看答案

For a profit-maximizing monopoly that charges the same price to all consumers, what is the relationship between price P, marginal revenue MR, and marginal cost MC? ( )

A. P = MR and MR = MC.
B. P > MR and MR = MC.
C. P = MR and MR > MC.
D. P > MR and MR > MC.

查看答案

In the long-run equilibrium of a competitive market with identical firms, what is the relationship between price P, marginal cost MC, and average total cost ATC? ( )

A. P > MC and P > ATC.
B. P > MC and P = ATC.
C. P = MC and P > ATC.
D. P = MC and P = ATC.

查看答案

What is true of a monopolistically competitive market in long-run equilibrium? ( )

A. Price is greater than marginal cost. B. Price is equal to marginal revenue. C. Firms make positive economic profits. D. Firms produce at the minimum of average total cost.

If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit ________ of scale and ________ average total cost. ( )

A perfectly competitive firm ( )

For a profit-maximizing monopoly that charges the same price to all consumers, what is the relationship between price P, marginal revenue MR, and marginal cost MC? ( )

In the long-run equilibrium of a competitive market with identical firms, what is the relationship between price P, marginal cost MC, and average total cost ATC? ( )

A. Price is greater than marginal cost.
B. Price is equal to marginal revenue.
C. Firms make positive economic profits.
D. Firms produce at the minimum of average total cost.

If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit of scale and average total cost. ( )