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In cournot model, during the process of adjustment, the number of firms:

A. Donot change

B. Change

C. Both a and b

D. None of the above

Correct Answer : A.


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  1. The costs faced by the firm against fixed factors are:
  2. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  3. The basic subject matter of economics is:
  4. Whenever a group of monopolistic competitors attains equilibrium, the firms in this group usually:
  5. The relationship between MC and MP shown by the marginal cost concept is:
  6. Price elasticity of demand is best defines as:
  7. A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
  8. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  9. In discriminating monopoly (price discrimination), the elasticity of demand of product in two markets…
  10. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  11. In which case the elasticity shown by the different points of a curve is the same?
  12. Because of selling costs, the demand curve of a firm shifts:
  13. Which of the following is not a U shaped curve:
  14. Which is the first-order condition for the profit of a firm to be maximum?
  15. Income effect operates through an increase
  16. Marshalls definition of economics was strongly criticised by:
  17. The normal long-run average cost curve is influenced by the:
  18. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  19. Selling costs are incurred under monopolistic competition to:
  20. The average fixed cost (AFC) curve is asymptote to:
  21. The vertical distance between TVC and TC is equal to:
  22. In the case of complements, the cross demand curve slopes:
  23. The study of economic theory for the sake of certain objective is called:
  24. If the marginal utility is divided by the price of the commodity then it is called:
  25. In a competitive market, price is determined primarily by:
  26. The kinked demand curve comes into being where:
  27. The demand curve of ostentation goods (Veblen goods) will be:
  28. Which of the following curves is a rectangular hyperbola?
  29. The market demand shedule is determined by:
  30. The horizontal demand curve for a commodity shows that its demand is: