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Subject - Economics:

Microeconomics

MCQ - 41-4051

Question:

Which of the following is true in the long run in perfect competition?

  1. P = MR = MC = ATC
  2. P = MR = MC > ATC
  3. P > MR = MC = ATC
  4. P = MR = MC > ATC
  5. P > MR = MC > ATC

Correct Answer: A

Explanation:

A defining outcome of long-run equilibrium in perfect competition.

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Which of the following is true in the long run in perfect competition? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 41-4051.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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