MCQsLearn App Free MCQsLearn App Download - Android - iOS
As an Amazon Associate I earn from qualifying purchases.

Perfect Competition Multiple Choice Questions and Answers 5 PDF Download

Perfect Competition Multiple Choice Questions and Answers (MCQs), perfect competition quiz answers PDF, MBA test prep 5 for online MBA degree programs.

"The short run supply curve for a perfectly competitive firm is the marginal cost curve at and over the" Multiple Choice Questions (MCQ) on perfect competition with choices cost cut profit point, shutdown point, marginal revenue point, and elasticity point to learn e-learning courses. Practice jobs' assessment test, online learning shut down point quiz questions for easiest online MBA.

MCQs on Perfect Competition Quiz 5 PDF Download eBook

MCQ: short run supply curve for a perfectly competitive firm is marginal cost curve at and over the

  1. shutdown point
  2. cost cut profit point
  3. marginal revenue point
  4. elasticity point

A

MCQ: A firm in a entirely competitive industry has

  1. a perfectly elastic supply curve.
  2. a perfectly elastic demand curve.
  3. a negatively sloped demand curve
  4. a positively sloped demand curve

B

MCQ: Completely competitive market exists when each member is a

  1. price maker
  2. price taker
  3. price seeker
  4. a& b

B

MCQ: Marginal proceeds are equivalent to price for which one of following kinds of market structure

  1. monopoly
  2. perfect competition
  3. monopolistic competition
  4. oligopoly

B

MCQ: Economic returns are normally

  1. higher than accounting profits
  2. lower than accounting profits
  3. identical to accounting profits
  4. b&c

B