In dominant price leadership model, the dominant firm set the:

A. price

B. output

C. both a and b

D. none of the above

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

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  1. Consumers Surplus can also be defined as:
  2. In economic term water is a:
  3. The marshallian indirect utility function in the form of equation is:
  4. Under monopolistic competition, in long-run there is:
  5. Entry of new firms into a competitive market will shift the supply curve of the:
  6. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  7. Which of the following has more elastic demand curve?
  8. A monopoly producer usually earns:
  9. According to Robbins, economics is a:
  10. The elliptical isoquant represents the:
  11. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  12. The line from the origin to a point on an isoquant shows:
  13. A budget line shows:
  14. If the commodity is normal then fall in price will result in:
  15. In the theory of firm, Chamberline presented the idea of:
  16. We can find total utility by:
  17. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  18. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  19. The demand of the luxuries is:
  20. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  21. The average fixed cost (AFC) curve is asymptote to:
  22. When total revenue (TR) falls in monopoly then elasticity of demand is:
  23. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  24. Ordinal approach includes arranging:
  25. Monopoly means:
  26. In cournot model, during the process of adjustment, the number of firms:
  27. Most of the supply curves with which the average consumer deals are:
  28. Regarding economic decisions, economics of uncertainty identifies:
  29. Formulation of an economic theory involves:
  30. Cross-elasticity of demand is measured as: