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According to M.Kalecki, the true measure of the degree of monopoly power is the:

A. Ratio between price and marginal cost

B. Extent of monopolistic profit enjoyed by him

C. Cross-elasticity of demand for the product of the monopolist

D. Price charged by the monopolist minus marginal cost of production

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  13. A monopolist is able to maximize his profit when:
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  18. Demand of a commodity is elastic when:
  19. If the demand curve is vertical then its slope is:
  20. If two households have identical preferences but different incomes then:
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  22. Under perfect competition, the average revenue, marginal revenue and price are shown:
  23. Who is the author of Trade Cycle ?
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  25. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  26. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  27. The main contribution of Prof. Lord Keynes is in the field of:
  28. In cournot model, firms face:
  29. In real life, brand loyalty is a barrier to:
  30. The law of variable proportions comes into being when: