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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

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Returns to scale is a:
  2. The optimal strategy for a player is termed as:
  3. Marshallian demand function is also known as:
  4. In sweezy model (kinked demand curve model), the overall increase in costs of production:
  5. Which is the correct statement?
  6. The Latin term citeris paribus means:
  7. Which of the following is not a characteristic of a perfectly competitive market?
  8. The budget constraint can be written as:
  9. In short-run, in monopolistic competition, a firm earns:
  10. The difference between accounting profits and economic profits is:
  11. Which of the following is the work of A.C.Pigou?
  12. The demand curve slopes downwards due to:
  13. Rotten eggs are:
  14. When a competitive firm is in equilibrium in the long-run, its output is such that:
  15. If the demand curve is inelastic then:
  16. In case of monopoly, when total revenue is maximum:
  17. Liquidity of Preference Theory was introduced by:
  18. To get more revenue, a Finance Minister impose tax on that commodity which has:
  19. Which is not a central problem of an economy?
  20. The production process is:
  21. Supply curves are most elastic:
  22. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  23. Who first formulated the Marginal Productivity Theory of Distribution?
  24. Price discrimination is possible:
  25. MRSxy measures:
  26. The slope of an iso-quant represents:
  27. Each firm in cournot model assumes that its competitor will:
  28. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  29. A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
  30. In non-constant sum game (non-zero sum game), if there are two parties then: