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Under monopolistic competition, the firms compete alongwith:

A. Supreme powers

B. Discretionary powers

C. Low powers

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The line from the origin to a point on an isoquant shows:
  2. Production function relates:
  3. Abstinence or Waiting theory of Interest was presented by:
  4. The equilibrium level of output for the pure monopolist is where:
  5. Income -elasticity of demand will be zero when a given change in income brings about:
  6. The critics of Sweezy model say that kink generates:
  7. The market demand shedule is determined by:
  8. The cost of one thing in terms of the alternative given up is known as:
  9. Demand of a commodity is elastic when:
  10. A market demand schedule is obtained by adding individual demand schedules:
  11. In Prisoner Dilemma, the best choice of strategy is:
  12. Variable costs refer to:
  13. In the long-run competitive equilibrium:
  14. The marshallian demand curve includes:
  15. The number of sellers in duopoly is:
  16. If production increases under increasing returns to scale, the cost will:
  17. If the marginal utility is divided by the price of the commodity then it is called:
  18. Government planners play a central role in allocating resources:
  19. The utility function u = f(x) is based upon :
  20. When elasticity of demand is less than one (e
  21. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  22. Law of Substitution in production was presented by:
  23. When the output of a firm is increasing, its average fixed cost:
  24. In the range of excess capacity, the average costs are:
  25. The situation of single buyer and single seller is called:
  26. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  27. With which of the following concepts is the name of J.M.Keynes particularly associated?
  28. In sweezy model (kinked demand curve model), the role of MC curve:
  29. Marginal cost is found with the help of changes in:
  30. A firm considering what type of new plant to build is involved in a: