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In monopolistic competition, the individual demand curve is also known as:

A. Planned products curve

B. Planned material curve

C. Planned costs curve

D. Planned sales curve

Correct Answer : D.


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  1. Conditions of perfect competition ensure:
  2. A firm is a sum of persons who convert:
  3. If the consumers expect that the price of computers will decrease in next year then:
  4. The demand curve of a firm in monopolistic competition is:
  5. In modern theory, LAC = LMC after the attainment of:
  6. Market demand curve is:
  7. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  8. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then…
  9. The marginal revenues are derivatives of:
  10. The effect of consumer boycotts usually is:
  11. According to critics, the assumption of costless production is:
  12. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  13. Most of the supply curves with which the average consumer deals are:
  14. Under monopolistic competition, in long-run there is:
  15. According to Diamond Water Paradox diamonds are more expensive than water because:
  16. At a point above the middle of a straight line demand curve, elasticity of demand is:
  17. To get more revenue, a Finance Minister impose tax on that commodity which has:
  18. The monopolist often lead to exploitation of:
  19. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  20. A firm enjoys maximum control over the price of its product under:
  21. Nash Equilibrium is stable:
  22. The isoquant approach is based upon:
  23. According to Leontief technology, there:
  24. The ordinal approach was presented by:
  25. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  26. Which of the following is not a characteristic of a perfectly competitive market?
  27. In terms of price, the indirect utility function may be:
  28. A monopoly producer usually earns:
  29. The main contribution of Adam Smith is in the field of:
  30. The competitive equilibrium leads to: