Forms of Market...

At producer’s equilibrium when MR=MC, the firm earns only

The elasticity at a point on a straight line supply curve passing through the origin will be

The elasticity at a point on a straight line supply curve passing through the origin making an angle of 45°will be

 In perfect competition, in the long run, if a new firm enters the industry the supply curve shifts to the right resulting in_________?

In perfect competition, since the firm is a price taker, the ________ curve is straight line

For maximum profit, the condition is:

Before producer’s equilibrium when MR>MC, the firm earns only

In perfect competition, in the long run, ______________?

Can TR be a horizontal Straight line?

AR is nothing but demand curve.