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The factors of production in perfect competition are:

A. Stagnant

B. Mobile

C. Immobile

D. Rare

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  1. In discriminating monopoly (price discrimination), the elasticity of demand of product in two markets…
  2. The main objective of the firm is to:
  3. In the case of a giffen good, the income effect:
  4. The feasible part of the demand curve for the monopolist who is charging high price will be:
  5. The normal long-run average cost curve is influenced by the:
  6. Diminishing returns occur when a firm:
  7. Increasing returns imply:
  8. Demand for a commodity is elastic when it has
  9. At low prices, demand is likely to be:
  10. If two goods are perfect substitutes then IC will be:
  11. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  12. Contracts made by firms in cooperative games are:
  13. In the long run:
  14. Which one of the following has been the most influential work of F.H.Knight?
  15. Repetition of a game (Repeated Game):
  16. The kinked demand curve comes into being where:
  17. In case the two commodities are complements, cross elasticity will be:
  18. A fall in demand for the product under monopolistic competition will likely result in:
  19. Who wrote Mathematical Analysis for Economists?
  20. With which of the following concepts is the name of J.M.Keynes particularly associated?
  21. If the supply curve is not a straight line but curvilinear, the elasticity on all points of the supply…
  22. Who finalized the model of imperfect competition?
  23. A profit-maximizing monopolist in two separate markets will:
  24. The Lambda or Langrange Multiplier is a:
  25. If, at the prevailing price, more of a good is desired than is available for sale:
  26. The factors of production in perfect competition are:
  27. The amount of income left over for a consumer in equilibrium is :
  28. If the price of product A decreases and in the result the demand for product B increases then we can…
  29. The marginal revenue of a perfectly competitive firm is:
  30. The vertical demand curve for a commodity shows that its demand is: