The economies and dis-economies of advertising as output changes. That is why selling cost curve is:
A) Vertical B) U Shaped C) Horizontal D) Perpendicular
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Chamberlin has introduced ————- for the first in his model of monopolistic competition:
A) Average cost B) Marginal cost C) Selling cost D) …
Which market structure is more realistic?
A) Market competition B) Pure competition C) Monopolist competition D) All of these
In monopolistic competition product is:
A) simple B) Homogenous C) Totally different D) Close substitute
Why monopolist adopts price discriminate model?`
A) To maximize price B) To maximize cost C) To maximize profit D) …
Price discrimination exists when same product is sold at ————— prices to different buyers:
A) Different B) Same C) Higher D) Lower
In bilateral monopoly price and output is determined by what?
A) Monopsonist B) Market owner C) Monopolist D) …
What is called a single seller in the market?
A) Monopolist B) Shop keeper C) …
What is called single buyer in the market?
A) Monopolist B) Monopsonist C) owner D) …
In monopoly, the effect of lump-sum tax is similar to the effect of change in:
A) Total cost B) Fixed cost C) Marginal cost …