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The monopolist often lead to exploitation of:

A. Producers

B. Workers

C. Managers

D. Consumers

Correct Answer : D.


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  1. The kink demand curve faced by an oligopolist is based on the assumption that:
  2. Efficient allocation of resources is likely to be achieved under:
  3. Demand is consumers:
  4. Variable cost includes the cost of:
  5. Which is the correct statement?
  6. In case of short-run, the supply curve of an industry is the horizontal summation of:
  7. In a socialist (communist) economy the invisible hand:
  8. The firms in non-cooperative games:
  9. When total product falls:
  10. Karl Marx:
  11. Under pure monopoly, there will be:
  12. In modern theory of costs, a firm normally utilizes:
  13. Price is measured in:
  14. Total variable cost curve:
  15. Price effect occurs on the higher IC in case of:
  16. The budget-line is also known as the:
  17. Normal profits are considered as:
  18. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  19. The market demand shedule is determined by:
  20. To get more revenue, a Finance Minister impose tax on that commodity which has:
  21. Monopoly means:
  22. A demand curve is not related to:
  23. Extension (expansion) and contraction of demand are result of:
  24. The water diamond paradox was firstly resolved with the help of:
  25. Law of Substitution in production was presented by:
  26. In a competitive market, price is determined primarily by:
  27. If by doubling all inputs in the long run output is less than double, it is a case of:
  28. In a perfectly competitive market, suppliers must know:
  29. The long run total cost is attained by:
  30. In case of monopoly, when total revenue is maximum: