The cournot model is a model of:

A. Instable equilibrium

B. Stable equilibrium

C. Constant equilibrium

D. Fluctuating equilibrium

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  1. Total utility and price are:
  2. Who wrote Economics of Imperfect Competition?
  3. A budget line shows:
  4. If money income is given then consumer is in equilibrium when:
  5. Excess capacity is not found under:
  6. In which case the elasticity shown by the different points of a curve is the same?
  7. The equilibrium level of output for the pure monopolist is where:
  8. According to translog production function, elasticity of substitution is:
  9. If the price of product increases and in the result the demand for product B also increases then:
  10. Which of the following is not an explicit cost of production?
  11. A maximin strategy:
  12. The main contribution of David Ricardo is in the field of:
  13. The demand curve slopes downwards due to:
  14. In respect of which of the following category of goods is consumers surplus highest?
  15. Technological efficiency:
  16. If the commodity is normal then fall in price will result in:
  17. Who wrote An Introduction to Positive Economics?
  18. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  19. The substitution effect works to encourage a consumer to purchase more of a product when the price of…
  20. Now-a-days in real life, we are unable to fined:
  21. Total costs are:
  22. Karl Marx:
  23. In dominant price leadership model, the dominant firm set the:
  24. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  25. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  26. An increase in the supply of a commodity is caused by:
  27. The output where TC = TR & AC = AR:
  28. Technological Progress (Invention) can be defined as:
  29. In the case where two commodities are good substitutes then cross elasticity will be:
  30. Which of the following is not a property of indifference curve?