1. In the perfectly competitive market, in the long run, competitive prices equal the minimum possible ________ cost of good?

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

3. Which of the following type of competition is just a theoretical economic concept, not a realistic case where actual competition and trade take place?

4. In perfect competition, which of the following curves generally lies below the demand curve and slopes downward?

5. A firm can sell as much as it wants at the market price. The situation is related to?

6. Globalization has made Indian Market as?

7. When AR = Rs. 10 and AC = Rs. 8, the firm makes?

8. A competitive firm in the short run incurs losses. The firm continues production, if?

9. In the long run the market price of a commodity is equal to its minimum average cost of production under the___________?

10. While a seller under perfect competition equates price and MC to maximize profits a monopolist should equate?