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The number of sellers in oligopoly is:

A. Two

B. One

C. Very large

D. A few

Correct Answer : D.


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  3. Identify the work of T.W.Schultz:
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  10. Regarding economic decisions, economics of uncertainty identifies:
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  12. Which of the following is not a property of indifference curve?
  13. Marginal revenue from a given output:
  14. Variable cost includes the cost of:
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  17. The budget-line is also known as the:
  18. In microeconomics, we study:
  19. Which of the following is not a characteristic of a perfectly competitive market?
  20. In modern theory, LAC = LMC after the attainment of:
  21. We get constant returns to scale when:
  22. Total variable cost curve:
  23. When the demand curve is rectangular hyperbola, it represents:
  24. If production increases under increasing returns to scale, the cost will:
  25. The main contribution of Adam Smith is in the field of:
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