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The kinked demand curve comes into being where:

A. Proportional demand curve (PDC) and individual demand curve (IDC) intersect each other

B. Proportional demand curve (PDC) and individual demand curve (IDC) are parallel to each other

C. Proportional demand curve (PDC) and individual demand curve (IDC) repel each other

D. None of the above

Correct Answer : A.


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  3. The marginal revenue of a perfectly competitive firm is:
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  6. Perfect competition assumes:
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  8. The production function of homogeneous of degree one (n=1) is also called:
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  10. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
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  12. If Marginal Utility (MU) is zero, then total utility is:
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  14. Economics is a:
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  17. Selling costs are incurred under monopolistic competition to:
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  20. Substitution effect means a consumer
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  22. The shape of the TC curve is:
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  24. In monopoly, new firms:
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  27. Change in demand (rise and fall of demand) is:
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  30. Total variable cost curve: