In centralized cartel, the firms are like:

A. Price takers

B. Price setters

C. Price discriminators

D. None of the above

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

You can do it
  1. Which of the following is called Gossens first law?
  2. Of the following commodities, which has the lowest price-elasticity of demand?
  3. The indirect utility function is a homogeneous function of:
  4. The ordinary demand curve is also called:
  5. In collusive olligopoly, the firms may make:
  6. In economics, Externality means:
  7. Which of the following has more elastic demand curve?
  8. In a perfectly competitive market, suppliers must know:
  9. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  10. Short run cost curves are influenced by:
  11. In the long-run competitive equilibrium, the theory predicts that:
  12. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then…
  13. The marginal revenues are derivatives of:
  14. The slope of isocost line (budget line) shows:
  15. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  16. An indifferent curve shows:
  17. Quantity demanded or supplied is measured in:
  18. If both demand and supply were to increase then:
  19. Which of the following oligopoly models is concerned with the maximization of joint profits?
  20. Price effect occurs on the higher IC in case of:
  21. The amount of income left over for a consumer in equilibrium is :
  22. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  23. A demand curve which is horizontal and parallel to x-axis represents:
  24. Which of the following is not a property of indifference curve?
  25. General Equilibrium deals with the equilibrium of the:
  26. General equilibrium is concerned with simultaneous equilibrium of:
  27. In the long-run competitive equilibrium:
  28. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  29. Gold is bought and sold in a:
  30. Consumer surplus is the difference between