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 …
If fixed cost of monopolist increases there will be ———— price and output:
A) High B) Low C) No change in D) …
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