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The number of sellers in oligopoly are:

A. Two

B. Many

C. Four

D. Very few

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  1. A maximin strategy:
  2. Demand of a commodity is elastic when:
  3. With elasticity of demand, the:
  4. In Prisoners Dillemma, the players are:
  5. In case of giffin good, price effect is:
  6. The indifference curve technique:
  7. When total product increases at a decreasing rate:
  8. If the price of Pepsi Cola goes down, you would predict:
  9. All of the following are capital resources except:
  10. Rent is a creation of value, not of wealth who made this observation?
  11. In second degree price discrimination, monopolist takes away :
  12. A typical demand curve cannot be:
  13. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  14. When the demand curve is rectangular hyperbola, it represents:
  15. The cost of production is faced by a:
  16. With which of the following concepts is the name of J.M.Keynes particularly associated?
  17. Scarcity means:
  18. In monopolistic competition, if a firm lowers its price, the rival firms will:
  19. The average fixed cost (AFC) curve is asymptote to:
  20. Moving along an indifference curve leaves the consumer:
  21. In case of straight-line isoquant, the factors are not substituted because they are each others:
  22. Extension (expansion) of demand means:
  23. In a socialist (communist) economy the invisible hand:
  24. In the long-run:
  25. Which industries spend a relatively large share of their revenue on research and development in order…
  26. If two goods are perfect substitutes then IC will be:
  27. A market-clearing price:
  28. Price elasticity of demand is best defines as:
  29. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  30. The budget constraint can be written as: