In perfect competition
The price equals the marginal revenue
The price equals the average variables costs
The fixed cost equals the variable costs
The price equals the total costs
A firm can fix independent price under - market
Perfect competition
Pure competition
Imperfect competition
Monopoly
A monopolist will determine very ______ price for a commodity having inelastic demand.
High
Low
Normal
Constant
In the long run in perfect competition
The price equals the total revenue
Firms are allocatively inefficient
Firms are productively efficient
The price equals total cost
In _____ market goods are sold at uniform price.
Oligopoly
Duopoly
