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economics Practice tests Neco, Jamb, Wascce,SSce, Sat, Gre, Toefel, Gmat Online

Practice economics tests question Below by selecting the right option.

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Under perfect competition, the short-run supply curve of a firm is determined by its




average cost curve
B


total cost curve
C


average fixed cost c
D

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For a firm to break even in the long run, the marginal cost curve must cut the




average variable cos
B


average cost curve a
C


total cost curve at
D

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A major assumption in a perfectly competitive market is that




the number of buyers
B


individuals cannot i
C


the quality of produ
D

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