The number of sellers in duopoly is:
A few
Four
Two
Very large
- With firms having cost differences under perfect competition, a firm, which earns normal profit in the…
- Total utility and price are:
- General equilibrium is concerned with simultaneous equilibrium of:
- In Bertrand model, the entry of new firms is:
- A fall in demand for the product under monopolistic competition will likely result in:
- Utility is:
- Variable costs refer to:
- In real life firms:
- The output where TC = TR & AC = AR:
- Moving along an indifference curve leaves the consumer:
- Which of the following is the work of A.C.Pigou?
- With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
- Which is the correct statement?
- Which of the following is not a characteristic of a perfectly competitive market?
- In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
- Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
- The game theory was basically presented by:
- Under perfect competition, a firm will be in equilibrium if:
- If a good is an inferior good then an increase in incomes of the consumers will:
- A market-clearing price:
- The main contribution of Malthus is in the field of:
- Marginal cost is found with the help of changes in:
- By increasing the price of its products above those of its competitors, a perfectly competitive seller:
- Formulation of an economic theory involves:
- Economies of large-scale production:
- Repetition of a game (Repeated Game):
- When total product increases at a decreasing rate:
- A firm under perfect competition has:
- The average cost curve is a geometrical illustration of:
- External economies are witnessed in: