--%>

Equilibrium in the long run

This would be a fallacy to suppose that: (w) a purely competitive firm’s demand curve is perfectly elastic. (x) a purely competitive firm’s supply curve is the marginal cost above the minimum point of the AVC. (y) purely competitive firms generate where MR = MC. (z) purely competitive firms can create economic profits into the long run.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Problem regarding to intermediation for

    Ticket-scalpers allow latecomers to ignore standing into line for tickets and permit people to wait till the last moment before deciding to attend athletic or concerts events. Are promoters of an event harmed through scalping? Must ticket scalpers' services be free? S

  • Q : Monopsonistic labor market-wage

    In the monopsonistic labor market in which wage discrimination is not possible, the raise in the minimum wage: (i) Essentially outcomes in less employment and higher wages. (ii) Might result in both the higher level of employment and the higher wage rate. (iii) Unifor

  • Q : Problem on coefficient of income

    Refer to the following diagrams give the answer of following question. In which case would the coefficient of income elasticity be positive? 1) A 2) B  3) C  4) D    

    Q : Problem on shortages or surpluses of

    The market is cleared when there are: (i) Buyers left waiting in line. (ii) Surplus supplies of unsold goods. (iii) No surpluses or shortages. (iv) Tendencies for the prices to increase. Can someone please help me in finding out th

  • Q : Demand prices exceeds supply prices

    When only Q0 papayas reached the market in that case: (1) desperate buyers would be willing to pay only P1 per papaya. (2) production costs would exceed P2 per papaya. (3) buyers would be indifferent regarding getting additional papaya

  • Q : Elastic and Inelastic demand An

    An increase in the price of goods, outcomes in an increase in expenses on it. This demand is elastic or inelastic? Answer: Inelastic since there is direct relation

  • Q : Competitive Markets and Labor unions I

    I have a problem in economics on Competitive Markets-Labor unions. Please help me in the following question. The purely competitive labor markets are not characterized through: (1) Most of the individual buyers and sellers of the labor services. (2) S

  • Q : Computing Present Value for a Perpetuity

    When all US Treasury bonds are perpetuities that annually pay the sum of one thousand and 00/100 dollars [$1000] per annum, always, to the holder of this bond starting one year from today, at an interest rate of 4 percent, the price of this bond is: (

  • Q : Unitarily price elastic of demand At a

    At a price for $25, the demand for DVD games is around: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) positively associated to supply.

    Q : Measure Liquidity An asset’s associate

    An asset’s associate “liquidity” is inversely measured through the: (w) transaction costs in dealing within the asset as a proportion of the market price of the asset. (x) time it takes to convert this to cash. (y) “backing&rdq