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