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The non-price competition cartel is a:

A. stable cartel

B. unstable cartel

C. prominent cartel

D. special cartel

Correct Answer : B.


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  1. A demand curve which is horizontal and parallel to x-axis represents:
  2. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  3. A firm enjoys maximum control over the price of its product under:
  4. A monopoly producer usually earns:
  5. Ordinal approach includes arranging:
  6. If the commodity is normal then price effect is:
  7. The elliptical isoquant represents the:
  8. In dominant price leadership model, the small firms are like:
  9. If the price of product increases and in the result the demand for product B also increases then:
  10. On the total utility curve the economically relevant range is the portion over which:
  11. The real income of a consumer is income in terms of:
  12. Stable cobweb model is a:
  13. In second degree price discrimination, monopolist takes away :
  14. The difference between average total cost and average fixed cost shows:
  15. The good will highest income elasticity is:
  16. The elasticity of demand is equal to slope of demand function divided by:
  17. If the consumers expect that the price of computers will decrease in next year then:
  18. In Prisoners Dilemma, both the prisoners are interrogated:
  19. Who is the author of Trade Cycle ?
  20. The Hicksian indirect utility function in the form of equation is:
  21. The demand for cigarettes is price inelastic implying a unit tax on this commodity will
  22. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  23. When total revenue is maximum in monopoly, elasticity of demand is:
  24. If a good is an inferior good then an increase in incomes of the consumers will:
  25. If the commodity is normal then fall in price will result in:
  26. The longer the period of time, the elasticity of supply will be:
  27. In monopolistic competition, the cost curves of all firms are:
  28. With elasticity of demand, the:
  29. If the demand curve is inelastic then:
  30. In constant sum game (zero sum game), if there are two parties then: