If fixed cost of monopolist increases there will be ———— price and output:
A) High B) Low C) No change in D) …
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How many equilibrium conditions for the monopolist?
A) Two B) Four C) Five D) Eight
Total revenue of monopolist is ————— into ————:
A) Cost, output B) Cost, price C) Price, output D) All of …
In monopoly the demand curve is————–:
A) sloping downward B) vertical C) Sloping downward D) Non sloping
Monopoly is a market structure where there is:
A) Barriers to entry B) No seller C) Single seller D) …
If market supply curve is perfectly elastic the whole tax burden will be born by the:
A) Firm B) Market C) Consumer D) Owner
If market supply curve is more elastic to price, the consumer will bear —————– proportion of tax:
A) Higher B) Lower C) Normal D) All of …
In perfect competition, specific sales tax effect the ———— cost:
A) Marginal B) Increase C) Fixed D) Normal
In perfect competition, increase in profit tax ————— profit:
A) Normal B) Increase C) Reduce D) All of these
In perfect competition, effect of lump-sum tax is considered same as the effect of change in —————— cost:
A) Average variable cost B) Average cost C) Average fixed cost D) Marginal …