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In repeated game, the Prisoners Dillemma can have a:

A. Non-cooperative outcome

B. Cooperative outcome

C. Dominant behavior

D. Recessive behavior

Correct Answer : B.


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  1. Diminishing returns occur when a firm:
  2. An individual consumers demand is not determined by:
  3. The least cost combination of factors x , y and z will generally be the point at which:
  4. An iso-product (an isoquant) curve slopes:
  5. The costs faced by the firm against fixed factors are:
  6. Short run cost curves are influenced by:
  7. The Lambda or Langrange Multiplier is a:
  8. In case the two commodities are complements, cross elasticity will be:
  9. Elasticity (E) expressed by the term, 8 >E>1, is:
  10. In substitution effect, we:
  11. In cournot model, firms sell:
  12. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  13. The relationship between AC and MC curves depend upon the behavior of:
  14. If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
  15. Gold is bought and sold in a:
  16. In monopolistic competition, the individual demand curve is also known as:
  17. Under pure monopoly, there will be:
  18. The study of economic theory for the sake of certain objective is called:
  19. By reducing the prices of its products below those of its competitors, a perfectly competitive seller:
  20. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  21. The nominal income of a consumer is income in terms of:
  22. Who wrote Economics of Imperfect Competition?
  23. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  24. The firms in non-cooperative games:
  25. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  26. The firm is at equilibrium where:
  27. With which of the following concepts is the name of J.M.Keynes particularly associated?
  28. In economics, Externality means:
  29. The good will highest income elasticity is:
  30. In respect of which of the following category of goods is consumers surplus highest?