Question 32 As the manager to turm, you most likely to increase forever by decreasing the price of its product it there are many close substitutes for its product its product accounts for a small portion of a consumer's budget the supply of the product is perfectly elastic the demand for the product is perfectly in Question 33 The market demand for a product has increased it the cost of producing the product decreased due to new technology more of the product is produced prater quantity of the product can be sold se si possale prices. the product price has inced Question 34 When evaluating the different inoustry structures and the characteristics impact on form long-run run for price and quantity well as, economiemciency. Which of the following statements is correct! in perfect competition for produce an output which price is less than marginal cost in perfect competition, firm produce an output which price is greater than cost in monopolistic competition for produce an amount which achieves allocative eiency monopolistic competition forms produce an output which does not achieve productive efficiency Question 35 One way in which an oligopoly such as car production and a monopolistic competitive industry such as stress that typically in both kinds of industries There are a large number of independent forms sent but terenated products there are no barriers to entry forms of the industry structure economic efficiency in not achieved by these test the profit maximale each masa share of them for a product