302) Which of the following statements about a firm which is a price-taker is false?
Answer is:
The demand curve faced by the firm is downward sloping
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
The demand curve, average revenue curve, and marginal revenue curve
Answer is:
It must be earning the highest total revenue that it could earn
Answer is:
Its total cost will equal its AVC at an output of 100 a day multiplied by 100
Answer is: