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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  1. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  2. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  3. In case of budget line, we get pairs of two goods where consumers income is:
  4. By scarcity the economist means that all goods are scarce relative the peoples:
  5. In Edgeworth model, prices oscillate between:
  6. In the long-run competitive equilibrium:
  7. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  8. In short run:
  9. In monopolistic competition, the firms face:
  10. The CES production function shows:
  11. Liquidity of Preference Theory was introduced by:
  12. Human wants are:
  13. A monopolist is able to maximize his profit when:
  14. Market allocation fundamentally relies upon:
  15. A monopolist has control over the price he charges for his product. He will be able to maximize his…
  16. Micro economics is concerned with:
  17. Pure monopoly exists:
  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:
  21. The average product is given as:
  22. Under perfect competition, the average revenue, marginal revenue and price are shown:
  23. Who is the author of Trade Cycle ?
  24. Which cost increases continuously with the increase in production?
  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: