This a MCQ (Multiple Choice Question) based practice test of Chapter 4 - Theory of Firm Under Perfect Competition of Economics of Class XII (12) for the quick revision/preparation of School Board examinations
Q Condition for producer equilibrium is:
For maximum profit, the condition is:
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____________ is an ideal market?
Under which market situation demand curve is linear and parallel to X-axis?
For a monopolist, the necessary condition for equilibrium is?
Supernormal profit occur, when?
MR curve=AR=Demand curve is a feature of which kind of market?
If under perfect competition, the price lies below the average cost curve, the firm would?
What are the conditions for the long run equilibrium of the competitive firm?
Under which market condition firms make only Normal Profit in the long run?
139 videos|315 docs|136 tests
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139 videos|315 docs|136 tests
|