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The number of sellers in duopoly is:

A. A few

B. Four

C. Two

D. Very large

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