The game theory is concerned with:

A. Perfect competition

B. Imperfect competition

C. Price discrimination

D. Duopoly and oligopoly

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  1. Identify the author of The Principles of political Economy and Taxation:
  2. Marginal cost is the cost:
  3. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  4. The effects according to which people use those goods which are concerned with distinctive standard…
  5. According to Robbins, economics is a:
  6. In short-run, in monopolistic competition, a firm earns:
  7. Which of the following is an implicit cost of production?
  8. When total revenue is maximum in monopoly, elasticity of demand is:
  9. The critics of Sweezy model say that kink generates:
  10. Normally when price per unit of time falls:
  11. If the commodity is inferior then Income Effect (I.E) is:
  12. Marginal utility equals:
  13. Marginal Utility (MU) curve is always:
  14. The elasticity of demand is equal to slope of demand function divided by:
  15. Identify the author of The Affluent Society?
  16. Economics define technology as:
  17. Change in quantity demanded refers to:
  18. An effective price ceiling usually results in:
  19. Utility is:
  20. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
  21. Microeconomics deals with the:
  22. If as a result of an increase in prices, total outlay (expenditures) on a commodity decreases, its price-elasticity…
  23. In case of monopoly, the slope of MR is:
  24. In microeconomics, we study:
  25. The pay-off matrix shows:
  26. At final equilibrium in cournot model, each firm sells:
  27. Marginal utility is only meant for:
  28. In the long run:
  29. Change in demand refers to:
  30. For the given production function, technical inefficiency is defined as: