Under monopolistic competition, in long-run there is:

A. Ban on exit

B. Ban on entry

C. Free entry

D. Free entry and exit

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  1. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  2. The Law of Equi-Marginal Utility refers to:
  3. Kinked Demand Curve is consistent with which one of the following market situations?
  4. Market demand curve is:
  5. Ordinal approach includes arranging:
  6. Selling costs are incurred under monopolistic competition to:
  7. The effect of consumer boycotts usually is:
  8. In market sharing cartel model, cartel determines the shares of:
  9. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  10. Duopoly is a market where there are:
  11. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  12. Plumbing and pipe-fitting require many of the same skills. If the wage paid to pipe-fitters increased…
  13. Under pure monopoly, there will be:
  14. Entry of new firms into a competitive market will shift the supply curve of the:
  15. The Tit for Tat strategy means cooperation by the 2nd firm if:
  16. Quantity demanded or supplied is measured in:
  17. In constant sum game (zero sum game), if there are two parties then:
  18. The supply curve would probably shift to the right if:
  19. Diminishing returns occur when a firm:
  20. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  21. The number of sellers in duopoly is:
  22. The game theory is concerned with:
  23. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  24. If the production increases under decreasing returns to scale, the cost will:
  25. According to Chamberline, in monopolistic competition, differentiation is determined by:
  26. Nash equilibrium is applicable in case of:
  27. Price leadership is associated with:
  28. The price under perfect competition is settled by:
  29. Total fixed costs are:
  30. The law of variable proportions comes into being when: