Restricted entry and exit of the firms
Semi free exit but absolute free entry
Free entry but restricted exit of the firms
Free entry and free exit of the firms
D. Free entry and free exit of the firms
Lessen the differentiation
Widen the differentiation
Does not effect the differentiation
All of the above
Where there is no retail trade and every thing is sold on wholesale basis
Where trading of a particular commodity is controlled exclusively by one firm
Where many people sell only one commodity
A form of business organization in which only single proprietorship exists
Marginal usefulness
Marginal cost
Both of them
None of them
Average revenue curve lies above the marginal revenue curve
Average revenue curve coincides with the marginal revenue curve
Average revenue curve lies below the marginal revenue curve
Average revenue curve is parallel to the marginal revenue curve
Freedom
Scarcity
Social class
Politics
Monopoly
Multi-plant monopoly
Bilateral monopoly
Price discrimination
Also decrease it
Increase it
Remain uneffected
None of the above
Price takers
Price setters
Price discriminators
None of the above
P=AR and P>MR
P=MC and MC=AC
None of the above
Marginal cost curves
Average cost curves
Total cost curves
None of the above
Increased
Equalized
Prominent
Zero
Economics of state
Wealth of Nations
Value and price
Theory of demand
Cannot be changed
Can be changed
Can partially be changed
None of the above
Perfect competition price is charged
Monopoly price is charged
Monopoly price is not charged
None of the above
TR equals TC
The TR curve and the TC curve intersect such that TR and TC lie at the same point
The TR curve and the TC curve are parallel and TC exceeds TR
The TR curve and the TC curve are parallel and TR exceeds TC
We do not need to attach util values to consumption
Consumers can attain higher utility
It takes into account how much income the household has
We can determine how much of one good the consumer is willing to sacrifice in order to consume one more unit of another
MR constant
MR rises
MR falls
MR is zero
S.Kuznets
H.Liebenstein
A.O.Hirshman
Alfred Marshal
Car
Salt
Tea
House
Concave to X-axis
Convex to X-axis
Concave to Y-axis
Convex to Y-axis
The AVC curve
The AFC curve
The AC curve
The MC curve
Abnormal profit
Zero profit
Normal profit
Negative profit
Industry
All fields of production
Agriculture
None of the above
Positive
Unitary
Negative
Infinite
Neo-classical economist
Classical economist
Keynesian economist
Post-Keynesian economist
Vertical
Horizontal
Controlled by the largest producers
Unaffected by inflation
A and B are substitute goods
A and B are complementary goods
A is inferior to B
A is superior to B
Open agreements
Secret agreements
Both a and b
None of the above
Attract more customers
Prevent its customers from going to others
Establish superiority of its product on the others
All of the above