Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

The monopolist firm is price setter. The price setter firm is one which:

A. Can influence the market price

B. Cannot influence the market price

C. Can sell at zero price

D. None of the above

Correct Answer :

A. Can influence the market price


Share this question with your friends
Show all Basics of Economics MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..

Related Questions

In modern theory, LAC = LMC after the attainment of: The supply curve would probably shift to the right if: At the shut-down point in perfect competition: If the increase in demand is more than the increase in supply, the price… Production function shows: The Prisoners Dilemma was presented by A.W.Tucker in: When the income of consumer increases then budget line will: The utility function u = f(x) is based upon : LMC represents change in LTC (long-run total cost) due to producing an… The isoquant which are generated by CES (constant elasticity of substitution)… In the long-run competitive equilibrium, the theory predicts that: In Bertrand model, the entry of new firms is: A significant property of the Cobb-Douglas production function is that… Who first used the term Quasi-Rent? Isocost line shows the combinations of labor and capital where a firms… In collusive olligopoly, the firms may make: The kinked demand curve comes into being where: The main contribution of Prof. Lord Keynes is in the field of: In a competitive market, price is determined primarily by: When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e],… In monopolistic competition, the firms follow: If production increases under increasing returns to scale, the cost will: In Edgeworth model, if price falls below competitive price, the demand… With the expansion of output, the short run average cost curve, beyond… Supply and demand changes have their most rapid impact in: The monopolist firm is price setter. The price setter firm is one which: Any straight line supply which cuts the x-axis will have: Some economists refer to iso-product curves as: Rent is a creation of value, not of wealth who made this observation? Which of the following is not characteristic of perfect competition?

Also checkout

Probability MCQ General knowledge MCQ Computer Cryptography MCQ Crime Scene Technology MCQ Cloze Test MCQ Solution MCQ Phylum - Platyhelminthes MCQ AP Research MCQ Fungi and Lichens MCQ WAN MCQ Coding MCQ Open Source Software MCQ