Home

In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:

A. Also decrease it

B. Increase it

C. Remain uneffected

D. None of the above

Correct Answer : B.


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

Development of Biology MCQ ionic Equilibrium MCQ Microsoft Word MCQ General Biology Set 2 MCQ Rearrangement Set 8 MCQ Machine Input Mi-set 2 MCQ Visual Basic .NET MCQ Current Affairs June 2017 MCQ Phylum - Coelentrata MCQ Alkyl and Aryl Halides MCQ Microsoft Access MCQ Networking MCQ

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

Submit
Load More..
You can do it
  1. In cournot model, during the process of adjustment, the number of firms:
  2. The normal long-run average cost curve is influenced by the:
  3. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  4. Indifference curves reflect:
  5. In a socialist (communist) economy the invisible hand:
  6. The main contribution of Prof. R.G.D.Allen is in the field of:
  7. Increasing return to scales can be explained in terms of:
  8. Under conditions of perfect competition, price in the long-run is equal to:
  9. Elasticity of demand is equal to unity while marginal revenue is:
  10. Demand for a commodity is elastic when it has
  11. The game theory takes into consideration:
  12. A budget line shows:
  13. Who wrote Mathematical Analysis for Economists?
  14. Law of Substitution in production was presented by:
  15. Which is the first-order condition for the profit of a firm to be maximum?
  16. In price leadership, like leader, the follower firm may:
  17. The main contribution of Malthus is in the field of:
  18. Labor theory was firstly rejected by:
  19. The non-price competition cartel is a:
  20. The Hicksian indirect utility function in the form of equation is:
  21. Identify the economist who first developed the theory of income determination in its modern form:
  22. The basic and essential economic problems in a community are related to choice and:
  23. The law of demand is most directly a result of:
  24. The general form of Cobb-Douglas production function is:
  25. Traditionally, the study of determination of price is called:
  26. In terms of price, the indirect utility function may be:
  27. The difference between average total cost and average fixed cost shows:
  28. When the output of a firm is increasing, its average fixed cost:
  29. Marginal Productivity Theory deals with the theory of:
  30. The sufficient condition of firms equilibrium requires: