1. Which of the following is an example of perfect competition?

2. Can MR be negative or zero.

3. If all units are sold at same price how will it affect AR and MR?

4. What is price line

5. Can TR be a horizontal Straight line?

6. The revenue of a firm per unit sold is its

7. The product of AR and price at every unit sold is the firm’s

8. In perfect competition, in the long run, ______________?

9. In perfect competition, when the marginal revenue and marginal cost are equal, profit is?

10. In perfect competition, a firm earns profit when __________ exceeds the _____________?