In monopoly, new firms:

A. Can enter and exit

B. Partially can enter and exit

C. Cannot enter

D. None of the above

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  1. A firm is a sum of persons who convert:
  2. Which one of the following has been the most influential work of F.H.Knight?
  3. The difference between the average total cost and average variable cost as output increases will:
  4. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  5. At final equilibrium in cournot model, each firm sells:
  6. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  7. A budget line shows:
  8. A typical demand curve cannot be:
  9. Competitors in monopolistic competition have full control over:
  10. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  11. The production function of homogeneous of degree one (n=1) is also called:
  12. The output where TC = TR & AC = AR:
  13. Which of the following would be least likely to cause a consumer to eat less beef?
  14. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  15. Isocost line shows the combinations of labor and capital where a firms budget is:
  16. The line from the origin to a point on an isoquant shows:
  17. Total Utility (TU) curve:
  18. The Chamberline model recognizes mutual:
  19. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  20. Neutral Technological Progress can be defined as:
  21. Which of the following is the work of A.C.Pigou?
  22. Iso-product curve (isoquant) shows:
  23. Which cost increases continuously with the increase in production?
  24. The monopolist often lead to exploitation of:
  25. In the immediate run:
  26. If production increases under increasing returns to scale, the cost will:
  27. In respect of which of the following category of goods is consumers surplus highest?
  28. Who wrote A Contribution to the Theory of Trade Cycle?
  29. In the long run average costs curve, a firm can change:
  30. 7.In an economy based on the price system the decision on what shall be produced is made by: