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In case of perfect competition, TR curve rises at a:

A. Constant rate

B. Decreasing rate

C. Increasing rate

D. None of the above

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  1. In the perfect competition, there is a process of:
  2. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  3. The slope of an iso-quant represents:
  4. According to Chamberlin, the activity of a monopolistic competitive firm:
  5. At a point above the middle of a straight line demand curve, elasticity of demand is:
  6. In cournot model, firms face:
  7. Some economists refer to iso-product curves as:
  8. In Nash equilibrium, a player:
  9. An optimum level of a firms output is:
  10. According to Saint Thomas Aquinas value is determined by God, but prices by:
  11. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
  12. As the price of diamond is higher, so it has:
  13. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  14. Marginal utility is only meant for:
  15. The elasticity of demand is equal to slope of demand function divided by:
  16. The concept of industry in monopolistic competition has been replaced by:
  17. Marginal Productivity Theory deals with the theory of:
  18. One common definition of a luxury good is a good with income elasticity:
  19. The production possibility curve (PPC) is concerned with:
  20. Income-demand curve shows:
  21. An economic model describing the working of an economy consists of:
  22. In monopolistic competition, the aim of the firm is to:
  23. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  24. In case of income effect, the level of consumers satisfaction rises when:
  25. Substitution effect means a consumer
  26. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  27. Least cost combination of two factor inputs is achieved at a point where:
  28. Economic laws are:
  29. The long-run AC curve is constructed from:
  30. When elasticity of demand is less than one (e