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The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like industry demand curve in:

A. Monopolistic competition

B. Imperfect competition

C. Monopoly

D. Perfect competition

Correct Answer : D.


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  1. Each firm in cournot model assumes that its competitor will:
  2. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  3. Which of the following is assumed to be constant when drawing a demand curve?
  4. The maximization of output subject to cost requires equilibrium at the:
  5. Total costs in the short-term (short-run) are classified into fixed costs and variable costs. Which…
  6. A monopoly producer has:
  7. Extension (expansion) of demand means:
  8. Nash equilibrium says:
  9. The number of sellers in oligopoly is:
  10. Elasticity (E) expressed by the term, 1>E>0, is:
  11. Which of the following conditions is met in the long-run equilibrium in monopolistic competition, where…
  12. In perfectly competitive markets, the profit maximization rule can be represented by:
  13. The production function of homogeneous of degree one (n=1) is also called:
  14. Law of Substitution in production was presented by:
  15. If a commodity sold under monopoly is got free of cost, then MC will be:
  16. Production function relates:
  17. According to current thinking, the law of diminishing returns applies to:
  18. Short run cost curves are influenced by:
  19. An income demand curve of an inferior good is:
  20. In second degree price discrimination, monopolist takes away :
  21. According to Diamond Water Paradox diamonds are more expensive than water because:
  22. If the commodities X and Y are perfect substitutes then:
  23. Efficient allocation of resources is achieved to a greater extent under:
  24. If X and Y are close substitutes, a rise in the price of X will lead to:
  25. Price discrimination is undertaken with the aim of:
  26. Economics is a:
  27. The expansion point is attained by joining:
  28. According to marginalistic rule, the profit maximization hypothesis requires:
  29. The Law of Equi-Marginal Utility refers to:
  30. If the production increases under decreasing returns to scale, the cost will: