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In perfect cartel, the:

A. Perfect competition price is charged

B. Monopoly price is charged

C. Monopoly price is not charged

D. None of the above

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  1. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  2. We can measure consumers surplus with the help of
  3. In long run competitive equilibrium:
  4. In Nash Equilibrium:
  5. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  6. When AC curve falls, MC curve falls:
  7. In non-constant sum game (non-zero sum game), if there are two parties then:
  8. The budget constraint can be written as:
  9. Profits of a firm will be calculated taking into account the units produced and the difference between:
  10. If as a result of an increase in prices, total outlay (expenditures) on a commodity decreases, its price-elasticity…
  11. An economic model describing the working of an economy consists of:
  12. When total revenues equal to total opportunity cost then the firm will earn:
  13. In cournot model firms:
  14. The good will highest income elasticity is:
  15. Marginal cost is the cost:
  16. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  17. If the commodity is inferior then Income Effect (I.E) is:
  18. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  19. Perfect competition implies:
  20. When in a market, the number of buyers is very large and the number of sellers is very small, it is…
  21. Slope of a demand curve is:
  22. Microeconomics is also known as:
  23. A market demand schedule is obtained by adding individual demand schedules:
  24. Which industries spend a relatively large share of their revenue on research and development in order…
  25. The firm is at equilibrium where:
  26. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  27. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  28. Nash Equilibrium is stable:
  29. The law of demand is most directly a result of:
  30. The behavior of MC curve is determined by the behavior of the: