In collusive olligopoly, the firms may make:

A. Open agreements

B. Secret agreements

C. Both a and b

D. None of the above

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  1. Average cost means:
  2. At the shut-down point in perfect competition:
  3. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  4. A firm is a sum of persons who convert:
  5. Law of Diminishing Marginal Utility is practically untrue because:
  6. In Prisoners Dilemma, both the prisoners are interrogated:
  7. The competitive equilibrium leads to:
  8. There is no difference between fixed and variable factors in the:
  9. Law of Returns to Scale shows:
  10. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  11. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  12. A typical demand curve cannot be:
  13. Social costs equal private costs when:
  14. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  15. In joint-profit maximization cartel, the distribution of profit is:
  16. Economics is a:
  17. The kinked demand curve comes into being where:
  18. The cournot model is a model of:
  19. In non-constant sum game (non-zero sum game), if there are two parties then:
  20. 7.In an economy based on the price system the decision on what shall be produced is made by:
  21. Marginal cost is found with the help of changes in:
  22. According to classical approach, utility can be:
  23. The non-price competition cartel is a:
  24. The number of sellers in duopoly is:
  25. The concept of industry in monopolistic competition has been replaced by:
  26. Ceteris paribus clause in the law of demand means:
  27. The advertisement and other selling activities:
  28. A firm will be in equilibrium when the lowest isocost is:
  29. Marginal utility (MU) always:
  30. In monopoly, the relationship between average revenue and marginal revenue curves is as follows: