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1. With the opportunity for beneficial learing , a firm's lerning curve is upward sloping

2. The percentage change in profit that results from a 1% change in units sold equals margianl profit

3. At the profit maximizing level of output for a monopolist, P>MC and MR=MC

4. A monopsony employer facing a perfectly competitive supply of labor would pay a wage equal to marginal revenue product

5. Wages for labor will be highest in labor markets consisting of perfectly competitive buyers and a monopolist

6. Equilibrium in oligopoly markets is characterized by P>AC and MR=MC

7. The vigor of competition always decrease with a fall in product differentiation

8. Oligopolistic firms always produce homogenous products

9. Minimum efficient scale will increase if fixed costs increase.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91916635

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