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In real life firms:

A. Loss because of past

B. Learn from past

C. Destroy because of past

D. None of the above

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

You can do it
  1. With firms having cost differences under perfect competition, a firm, which earns normal profit in the…
  2. Any expansion in output by a firm in the short period will always reduce the:
  3. Income-elasticity of demand is expressed as:
  4. The number of sellers in oligopoly are:
  5. In long run competitive equilibrium:
  6. In the long-run:
  7. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  8. The slutsky demand curve includes:
  9. Elasticity (E) expressed by the term, 1>E>0, is:
  10. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  11. If the price of coffee increases, you would predict that:
  12. Under Bandwagon effects, people use those goods which are used by their:
  13. In cournot model, each firm makes decision regarding:
  14. Marshalls definition of economics was strongly criticised by:
  15. Cross-demand curve shows:
  16. A decrease in demand lowers the price the most:
  17. The main objective of the firm is to:
  18. Who wrote A Contribution to the Theory of Trade Cycle?
  19. The model which gives us information about price and output changes in different periods is:
  20. The demand of the luxuries is:
  21. A demand curve which is horizontal and parallel to x-axis represents:
  22. Which of the following statement is wrong?
  23. Indifference curves reflect:
  24. Airlines that try to lower fares in order to increase revenues believe that demand for airline services…
  25. From the resource allocation view point, perfect competition is preferable because:
  26. In a competitive market, price is determined primarily by:
  27. The slope of the iso-cost line (budget line) is determined by:
  28. Which of the following is not characteristic of perfect competition?
  29. A monopolist:
  30. In the case of substitutes, the cross demand curve slopes