Economics Mcqs — Test 21

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Question 1

A competitive firm demand curve is ?

Question 2

A competitive firm produces a level of output at which ?

Question 3

A production is technique is technically efficient if ?

Question 4

Decrease returns to scale means that _____ as ______?

Question 5

If a firm is not operating at the output necessary to achieve all scale economies, it has not achieved its ?

Question 6

In marketing “USP” stands for ?

Question 7

Effective branding will tend to make ?

Question 8

In Porter’s five force model conditions are more favorable for firms within an industry if ?

Question 9

In monopolistic competition firms profit maximize where ?

Question 10

In the long run, the competitive firm’s supply curve is the ?