The sufficient condition of firms equilibrium requires:




D. none of the above

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  1. In cournot model, during the process of adjustment, the number of firms:
  2. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  3. According to Chamberlin, the activity of a monopolistic competitive firm:
  4. In Edgeworth model, if price falls below competitive price, the demand is:
  5. We get constant returns to scale when:
  6. One common definition of a luxury good is a good with income elasticity:
  7. If both demand and supply were to increase then:
  8. Consumers are likely to get a variety of similar goods under:
  9. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  10. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  11. In monopolistic competition, the firms face:
  12. In long run competitive equilibrium:
  13. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  14. A monopolist is:
  15. If production increases under constant returns to scale, the cost will:
  16. Extension (expansion) of demand means:
  17. Whenever a group of monopolistic competitors attains equilibrium, the firms in this group usually:
  18. Supply of a commodity refers to:
  19. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  20. The products, under monopolistic competition are differentiated, yet they are:
  21. Indifference curve represents:
  22. The reserve capacity in administration is advocated on the ground that demand for a product will:
  23. Production indifference curve (isoquant) is a curve which shows:
  24. In perfect cartel, the:
  25. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  26. Gold is bought and sold in a:
  27. The main contribution of Adam Smith is in the field of:
  28. A typical demand curve cannot be:
  29. In dominant price leadership model, the dominant firm set the:
  30. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will: