Perfect Competition Multiple Choice Questions 1 PDF Download

Learn perfect competition multiple choice questions, online MBA test 1 for online MBA programs. Study perfect competition with multiple choice question (MCQs): companies are supposed to sell where marginal costs meet marginal revenue, where largely profit is generated is, for bachelor of business administration and MBA degree courses with choices zero transaction costs , perfect factor mobility, profit maximization, property rights for BBA, MBA degree preparation with business administration jobs' exam tests. Practice skills assessment test to learn online demand curve quiz questions with MCQs for competitive exam preparation test.

MCQ on Perfect Competition Test 1Quiz PDF 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