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AR curve under perfect competition:

A. Slopes downwards to the right

B. Slopes upward to the right

C. Is vertical to the x-axis

D. Is horizontal to the x-axis

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  1. Efficient allocation of resources is likely to be achieved under:
  2. Each firm in cournot model starts selling:
  3. In monopolistic competition, the firms follow:
  4. Change in demand refers to:
  5. In second degree price discrimination, monopolist takes away :
  6. In Recardian theory of value, the stress has been made on:
  7. Quantity demanded or supplied is measured in:
  8. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  9. There is no difference between fixed and variable factors in the:
  10. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  11. The difference between the average total cost and average variable cost as output increases will:
  12. Who introduced the concept of Elasticity of Demand into economic theory?
  13. In Bertrand model, the entry of new firms is:
  14. A market-clearing price:
  15. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  16. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  17. The basic subject matter of economics is:
  18. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  19. Under which of the following forms of the market structure does a firm have no control over the price…
  20. In dominant price leadership model, the small firms are like:
  21. The games which played by players again and again are called:
  22. The isoquant approach is based upon:
  23. In measuring price-elasticity:
  24. If, at the prevailing price, more of a good is desired than is available for sale:
  25. From the resource allocation view point, perfect competition is preferable because:
  26. Indifference curves reflect:
  27. The Law of Proportionality is another name of:
  28. To attain maximum profits during short-run a firm should produce the output that will:
  29. According to Chamberlin, the activity of a monopolistic competitive firm:
  30. Change in quantity demanded (expansion and contraction of demand) is: