Perfect Competition Multiple Choice Questions 1 PDF Book Download

Perfect competition multiple choice questions (MCQs), perfect competition test prep to learn MBA test 1 for MBA free online courses. Learn perfect competition with multiple choice question: if an authoritarian agency follows a rule of normal cost pricing, then an ordinary monopolist will, for online business majors with options produce more than it would if it were unregulated., be forced to shut down., earn economic profit greater than zero., earn more profit that it would if it were unregulated. for online graduate degrees. Professional skills assessment test for learning online demand curve quiz questions with MCQs for competitive exam preparation test.

MCQ on Perfect Competition Test 1Quiz Book Download

MCQ: Companies are supposed to sell where marginal costs meet marginal revenue, where largely profit is generated is

  1. perfect factor mobility
  2. zero transaction costs
  3. profit maximization
  4. property rights

C

MCQ: If an authoritarian agency follows a rule of normal cost pricing, then an ordinary monopolist will

  1. be forced to shut down.
  2. produce more than it would if it were unregulated.
  3. earn economic profit greater than zero.
  4. earn more profit that it would if it were unregulated.

B

MCQ: In short run, balance will be affected by

  1. price
  2. demand
  3. supply
  4. cost

B

MCQ: In small run, perfectly-competitive places are not

  1. productively efficient
  2. inefficient
  3. imperfect market
  4. productively inefficient

A

MCQ: Costs or advantages of an action do not influence third parties are

  1. perfect information
  2. imperfect market
  3. no externalities
  4. property rights

C