In monopolistic competition, the firms follow:

A. Exotic behavior

B. Sympathetic behavior

C. Myopia behavior

D. Regular behavior

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  1. In dominant strategies I am doing the best, I can no matter:
  2. In the long-run competitive equilibrium:
  3. The maximization of output subject to cost requires equilibrium at the:
  4. Income effect operates through an increase
  5. Contracts made by firms in cooperative games are:
  6. The ordinal approach was presented by:
  7. Law of variable proportions is based on the assumption of:
  8. Law of Returns to Scale shows:
  9. The elasticity of demand is equal to slope of demand function divided by:
  10. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  11. We can write ordinal utility function as:
  12. Which of the following statement is wrong?
  13. In collusive olligopoly, the firms may make:
  14. The MC curve cuts the AVC and ATC curves:
  15. In the real world, some competitive firms owns specialized resources that earn a return called:
  16. The main contribution of David Ricardo is in the field of:
  17. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  18. The cost that a firm incurs in purchasing or hiring any factor of production is referred to as:
  19. Two policy variables, product and selling activities in the theory of firm was introduced by:
  20. Repetition of a game (Repeated Game):
  21. The fundamental choices that a society must make about the use of its resources include:
  22. If, at the prevailing price, more of a good is desired than is available for sale:
  23. Which form of market structure is characterized by interdependence in decision-making as between the…
  24. A firm considering what type of new plant to build is involved in a:
  25. If as a result of an increase in prices, total outlay (expenditures) on a commodity decreases, its price-elasticity…
  26. In Prisoners Dilemma, both the prisoners are interrogated:
  27. In modern theory of costs, a firm normally utilizes:
  28. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  29. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  30. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then: