A. at least one fixed factor of production and firms neither leaving nor entering the industry.
B. no variable inputs – that is, all of the factors of production are fixed
C. all inputs being variable
D. a period where the law of diminishing returns does not hold
- Economics Mcqs
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[junkie-toggle title="Economics Mcqs" state="closed"] - Profit Maximizing Under Perfect Competition And Monopoly
- Profit Maximizing Under Perfect Competition And Monopoly
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