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In market sharing cartel model, cartel determines the shares of:

A. the individuals

B. industry

C. firms

D. associations

Correct Answer : C.


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  2. Market demand curve is:
  3. The reserve capacity in administration is advocated on the ground that demand for a product will:
  4. Who first used the term Quasi-Rent?
  5. In non-collusive oligopoly firms enter into:
  6. An inferior good/ commodity is inferior for:
  7. Under which of the following forms of the market structure does a firm have no control over the price…
  8. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  9. Contraction of demand means:
  10. If the demand curve remains unchanged and supply increases, the price will:
  11. Which of the following is not a property of indifference curve?
  12. Efficient allocation of resources is achieved to a greater extent under:
  13. Supply of a commodity refers to:
  14. When the demand curve is rectangular hyperbola, it represents:
  15. Along an isoquant, output remains same, and capital labor ratio:
  16. The combination of labor and capital where the cost of a given output is minimized is known as:
  17. The budget constraint equation of the firm is:
  18. When with a change in price the total outlay (expenditures) on a commodity remains constant, it is a…
  19. Which of the following goods is most likely to be exchanged in a market of local rather than national…
  20. Traditionally, the study of determination of price is called:
  21. From the resource allocation view point, perfect competition is preferable because:
  22. In second degree price discrimination, monopolist takes away :
  23. The standard form of demand function is:
  24. In respect of which of the following category of goods is consumers surplus highest?
  25. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  26. Which is the correct statement?
  27. An individual consumers demand is not determined by:
  28. Rotten eggs are:
  29. If the commodities X and Y are perfect substitutes then:
  30. Moving along an indifference curve leaves the consumer: