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In cournot model, firms sell:

A. Superior goods

B. Inferior goods

C. Identical goods

D. Differential goods

Correct Answer : C.


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  2. In case the two commodities are complements, cross elasticity will be:
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  6. A high value of cross-elasticity indicates that the two commodities are:
  7. The Input-Output Analysis was originated by:
  8. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  9. The elliptical isoquant represents the:
  10. Under price discrimination, the buyers must:
  11. The effects according to which people use those goods which are concerned with distinctive standard…
  12. Utility is:
  13. Moving along an indifference curve leaves the consumer:
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  15. The firms in non-cooperative games:
  16. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  17. Price-taker firms:
  18. Identify the economist who first developed the theory of income determination in its modern form:
  19. Economic problems arise because:
  20. Kinked Demand Curve is consistent with which one of the following market situations?
  21. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  22. In modern theory, LAC = LMC after the attainment of:
  23. If a new production technology for producing compact discs is developed and new firms are attracted…
  24. If the commodity is inferior then:
  25. The optimal strategy for a player is termed as:
  26. Total fixed costs are:
  27. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  28. Demand is elastic when the coefficient of elasticity is:
  29. A monopoly producer has:
  30. The Substitution Effect (S.E) is always: