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A monopoly producer usually earns:

A. Abnormal profits

B. Only normal profits

C. Neither profits nor losses

D. Profits and losses which are uncertain

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. If the supply and demand increases equally, the price will:
  2. Labor Saving Technological Progress can be defined as:
  3. The cost curves of the firm shift due to changes in:
  4. An economic model describing the working of an economy consists of:
  5. The slope of isocost line (budget line) shows:
  6. By scarcity the economist means that all goods are scarce relative the peoples:
  7. An indifferent curve shows:
  8. The basic subject matter of economics is:
  9. For the given production function, technical inefficiency is defined as:
  10. Who wrote Economics of Imperfect Competition?
  11. The number of sellers in duopoly is:
  12. In perfectly competitive markets, the profit maximization rule can be represented by:
  13. Market allocation fundamentally relies upon:
  14. Price mechanism has also given the name:
  15. From analysis, it is clear that both Marshal and Walras market models are:
  16. In cournot model, firms make decisions separately regarding:
  17. Which of the following is the work of A.C.Pigou?
  18. A monopolist:
  19. An optimum level of a firms output is:
  20. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  21. In cournot model, firms sell:
  22. After reaching the saturation point consumption of additional units of the commodity cause:
  23. Isocost line shows the combinations of labor and capital where a firms budget is:
  24. Which of the following is not characteristic of perfect competition?
  25. The pay-off matrix shows:
  26. Each SAC represents a particular level of:
  27. Efficient allocation of resources is likely to be achieved under:
  28. The slope of the iso-cost line (budget line) is determined by:
  29. The advantage of using indifference curves rather than marginal utilities is:
  30. The equilibrium of a firm is determined by the equality of MC and MR in only: