If under perfect competition, in the short period, price does not cover the average cost completely, the firm will even then stay in the market as long as:

A. The average fixed cost is covered

B. The average variable cost is covered

C. Some profit is earned

D. The entrepreneurs enjoy producing

Related Questions

  1. Of the following commodities, which has the lowest price-elasticity of demand?
  2. For a commodity giving large consumers surplus, the demand will be:
  3. In cournot model firms:
  4. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  5. An indifference curve slopes down towards right since more of one commodity and less of another result…
  6. In the long-run:
  7. With which of the following concepts is the name of J.M.Keynes particularly associated?
  8. Marginal Utility (MU) curve is always:
  9. In joint-profit maximization cartel, the distribution of profit is:
  10. In terms of price, the indirect utility function may be:
  11. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  12. When the output of a firm is increasing, its average fixed cost:
  13. Under monopolistic competition, the firms compete alongwith:
  14. In the immediate run:
  15. Cournot equilibrium is attained where two reaction curves:
  16. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  17. The right of individuals to control productive resources is known as:
  18. According to Leontief technology, there:
  19. In a socialist (communist) economy the invisible hand:
  20. Economics is a:
  21. The study of economics just in theoretical way is called:
  22. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  23. A monopolist:
  24. Demand for a commodity is elastic when it has
  25. Equilibrium of a firm represents maximization of profits as well as:
  26. An increase in the supply of a commodity is caused by:
  27. According to Marshal, the Law of Diminishing Returns is applicable to:
  28. If the demand curve is vertical then its slope is:
  29. When a consumer reached at the point of saturation then marginal utility (MU) is:
  30. Human wants are:

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