The number of firms in monopolistic competition normally range between:
14 to 28
14 to 80
14 to 38
14 to 60
- We get constant returns to scale when:
- Marginal utility (MU) always:
- In joint-profit maximization cartel, the distribution of profit is:
- The basic subject matter of economics is:
- In the case of a giffen good, the income effect:
- In short run, a firm can change its:
- Normal profits are considered as:
- In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
- Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
- Contracts made by firms in cooperative games are:
- Under perfect competition, the average revenue, marginal revenue and price are shown:
- The external economies of scale experienced by a firm include the:
- Which is the correct statement?
- In short-run, in monopolistic competition, a firm earns:
- According to Diamond Water Paradox diamonds are more expensive than water because:
- Who finalized the model of monopolistic competition?
- The study of economics just in theoretical way is called:
- When total revenue is maximum in monopoly, elasticity of demand is:
- J.R.Hicks was:
- If cross-elasticity of one commodity for another turns out to be zero, it means they are:
- Labor Saving Technological Progress can be defined as:
- The number of sellers in duopoly is:
- According to M.Kalecki, the true measure of the degree of monopoly power is the:
- The real income of a consumer is income in terms of:
- Discriminating monopoly implies that the monopolist charges different prices for his commodity:
- In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
- In Edgeworth model, if price falls below competitive price, the demand is:
- Elasticity (E) expressed by the term, 1>E>0, is:
- MRSxy measures:
- If the demand for good is more elastic and government levied a tax per unit of output, the price per…