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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 straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
  2. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
  3. Income -elasticity of demand will be zero when a given change in income brings about:
  4. In substitution effect and income effect:
  5. At final equilibrium in cournot model, each firm sells:
  6. In terms of price, the indirect utility function may be:
  7. Which of the following is not a property of indifference curve?
  8. Stable cobweb model is a:
  9. Capital and Development Planning is the work of:
  10. The long run average cost curve is the envelope of:
  11. In real life, brand loyalty is a barrier to:
  12. To attain maximum profits during short-run a firm should produce the output that will:
  13. Short run cost curves are influenced by:
  14. The number of sellers in oligopoly are:
  15. Scarcity means:
  16. When a consumer reached at the point of saturation then marginal utility (MU) is:
  17. Extension (expansion) and contraction of demand are result of:
  18. Labor theory was firstly rejected by:
  19. In the immediate run:
  20. At high prices, demand is likely to be:
  21. There is no difference between fixed and variable factors in the:
  22. When total product increases at a decreasing rate:
  23. The game theory takes into consideration:
  24. Economics is a:
  25. An indifferent curve shows:
  26. If a firm is producing output at a point where diminishing returns have set in, this means that:
  27. Entry of new firms into a competitive market will shift the supply curve of the:
  28. The concept of industry in monopolistic competition has been replaced by:
  29. The slutsky demand curve includes:
  30. In the case of an inferior good, the income effect: