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In the long-run competitive equilibrium:

A. There is tendency for firms to enter but not leave the industry

B. Firms have no tendency either to enter or to leave the industry

C. Some firms may enter while the others may leave the market even after the equilibrium of the industry

D. Entry or exit of the firms cannot be predicted

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

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  1. Under perfect competition, a firm will be in equilibrium if:
  2. The study of economic theory for the sake of certain objective is called:
  3. The long run total cost is attained by:
  4. A mixed economy is characterized by the coexistence of:
  5. The equilibrium level of output for the pure monopolist is where:
  6. Any expansion in output by a firm in the short period will always reduce the:
  7. In the case of a normal goods, the income effect:
  8. If a commodity sold under monopoly is got free of cost, then MC will be:
  9. The budget constraint equation of the firm is:
  10. According to Cobb-Douglas, in production function the marginal product of labor is:
  11. According to Marginalists, the price of any commodity is determined by:
  12. The CES production function shows:
  13. Identify the work of T.W.Schultz:
  14. Theory of revealed preference is based on:
  15. Production function shows:
  16. In monopolistic competition, the real differentiation in products is due to difference in:
  17. When total revenue (TR) falls in monopoly then elasticity of demand is:
  18. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  19. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  20. An exceptional demand curve is:
  21. The Law of Diminishing Marginal Returns can be explained in terms of:
  22. Supply curves are most elastic:
  23. An indifference curve shows the bundles of two goods among which a consumer remains:
  24. In economist the term invisible hand is refers to:
  25. The game theory is concerned with:
  26. Change in quantity demanded (expansion and contraction of demand) is:
  27. Marshallian demand function is also known as:
  28. The Input-Output Analysis was originated by:
  29. The Prisoners Dilemma was presented by A.W.Tucker in:
  30. The game theory takes into consideration: