Home

Even in the long-run equilibrium, the pure monopolist can make abnormal profits because of:

A. Advertising

B. His low LAC

C. Blocked entry

D. High price he charges

Correct Answer : C.


Download Objective type questions of Basics of Economics PDF

Visit our PDF store

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Visual Basic .NET MCQ Inequalities MCQ Letter and Symbol Series MCQ Current Affairs May 2017 MCQ Metabolism MCQ Steam Boilers, Engines, Nozzles & Turbines MCQ Profit and Loss MCQ Phylum - Protozoa MCQ Fungi and Lichens MCQ Analogy MCQ Course of Action MCQ ionic Equilibrium MCQ

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

Submit
Load More..
You can do it
  1. Under which of the following forms of the market structure does a firm have no control over the price…
  2. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  3. In case of monopoly, the slope of MR is:
  4. Equilibrium of a firm represents maximization of profits as well as:
  5. Price-taker firms:
  6. The average product is given as:
  7. In second degree price discrimination, monopolist takes away :
  8. Perfect competition assumes:
  9. Competitors in monopolistic competition have full control over:
  10. When the income of consumer increases then budget line will:
  11. For a few products such as insulin for diabetics,:
  12. When there is decrease in demand the demand curve:
  13. The isoquant approach is based upon:
  14. Demand is consumers:
  15. Moving down along a linear demand curve:
  16. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  17. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  18. Economies of large-scale production:
  19. Supply and demand changes have their most rapid impact in:
  20. The monopolist often lead to exploitation of:
  21. One way the government can induce a monopolist to expand his output is by imposing:
  22. Who wrote Mathematical Analysis for Economists?
  23. A shift in the demand for a product is likely to result from a change in:
  24. Which of the following is not a property of indifference curve?
  25. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  26. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  27. The demand curve of ostentation goods (Veblen goods) will be:
  28. Who finalized the model of imperfect competition?
  29. To get more revenue, a Finance Minister impose tax on that commodity which has:
  30. Who stated explicitly for the first time the Law of Camparative Costs?