Classical macro economics believe that prices are:
A) Rigid B) Variable C) Flexible D) All of these
Macro economics deals with what?
A) Individual Economy B) Market price C) Whole economy D) All …
In second model monopolist competition equilibrium is attained by:
A) Marginal cost B) Marginal revenue C) Price adjustment D) None of …
The demand curve shifts due to what?
A) Marginal Revenue B) Price adjustment C) Entry or exit of firm …
Abnormal profit ———— firms:
A) expends B) decreases C) Attracts new D) None of these
The individual demand curve of firm is also known as —————- in monopolist competition:
A) Actual sales curve B) Imaginative sales curve C) Planned …
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
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