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For monopolistic competitive firm:

A. P=AR and P>MR

B. P

C. P=MC and MC=AC

D. None of the above

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  1. To calculate the elasticity of demand, which of the following formula is used?:
  2. Economic laws are:
  3. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then…
  4. The concept of industry in monopolistic competition has been replaced by:
  5. In joint-profit maximization cartel, the distribution of profit is:
  6. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  7. The feasible part of the demand curve for the monopolist who is charging high price will be:
  8. According to Robbins, economics is a:
  9. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  10. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  11. The price consumption curve (PCC) for commodity X is the locus of points of consumer equilibrium resulting…
  12. In the case of superior (normal) commodity, the income elasticity of demand is:
  13. The equilibrium level of output for the pure monopolist is where:
  14. In second degree price discrimination, monopolist takes away :
  15. Total variable cost curve:
  16. The slope of budget line shows the price ratios of:
  17. According to marginalistic rule, the profit maximization hypothesis requires:
  18. The relationship between MC and MP shown by the marginal cost concept is:
  19. In the long run:
  20. The maximization of output subject to cost requires equilibrium at the:
  21. Supply of commodity is a:
  22. Duopoly is a market where there are:
  23. Diminishing returns occur when a firm:
  24. In cournot model, firms sell:
  25. By scarcity the economist means that all goods are scarce relative the peoples:
  26. A monopolist:
  27. Who is the author of Choice of Technique?
  28. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  29. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  30. Which one of the following is also known as Plant Curves: