--%>
Assignment Help - homework help

Condition for long-run equilibrium

Which of the given is NOT a condition for long-run equilibrium into a purely competitive market: (w) P = MC (x) MR = MC (y) P = LRAC (z) TFC = TC

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Greater inequality in income

    Greater inequality within the income distribution tends to give in greater: (1) social stability and harmony. (2) disincentives against productive efforts. (3) disparities between a Lorenz curve and a 45 degree reference line. (4) maturity of the mark

    		•
  • Q : Levels of output by monopolistic

    Monopolistic competitors generate levels of output which are: (w) more than socially optimal and equitable. (x) economically efficient. (y) where marginal social benefits exceed marginal social costs. (z) certain to generate economic profits.

  • Q : Demand curve at the current market price

    The demand curve faced through a purely competitive firm at the current market price of: (i) negatively sloped. (ii) horizontal. (iii) perfectly inelastic. (iv) rectangularly hyperbolic. (v) positively sloped.

    Q : Perpetuities with fixed amount of money

    A security which promises to pay a fixed amount of money annually till the issuer purchases this from an owner is termed as a: (i) present value. (ii) future value. (iii) perpetuity. (iv) residual. (v) trust fund.

  • Q : Economics surpluses drives price down,

    surpluses drives price down, shortages drives them up

    		•
  • Q : Intermediate Oligopoly Why is demand

    Why is demand curve is beneath oligopoly indeterminate (i.e., uncertain)? Answer: Demand curve is indeterminate since of price war among sellers.

    		•
  • Q : Legal doctrine in Laws and Regulations

    Whenever goods are non-standardized and rarely purchased by an individual, an assumption that the sellers will contain superior knowledge of the product characteristics is an argument for applying the authorized doctrine of: (1) Caveat emptor. (2) Nolo contendere. (3)

    		•
  • Q : Multimarket Monopoly A monopolist

    A monopolist operates in two separated markets. The inverse demand functions ofthose markets are given by      and      where   arethe quantities supplied to these markets, respectively. The total cost function facedby the monopolist is &nbs

    		•
  • Q : Decisions of firms and households for

    Microeconomic analysis is more attached than macroeconomics along with the: (1) banking and monetary systems. (2) rates of joblessness and inflation. (3) inequity caused by main depressions. (4) rate of economic development. (5) decis

    		•
  • Q : Demand is the price in the "law of

    is the price in the "law of demand" a relative price or an absolute price

    		•