Under monopolistic competition, the products sold by the firms are:
Economic substitutes
Technical substitutes
Both a and b
None of the above
Also checkout these categories
Internal Combustion MCQ Operating System MCQ Angiosperms (Inflorescence, Flower and Fruit) MCQ XML Markup MCQ Rearrangement Set 15 MCQ Surds and Indices MCQ Cell - the unit of life MCQ Stocks and Shares MCQ Antonyms MCQ Php Programming MCQ Phylum - Amphibia MCQ Electric Current MCQ
- According to critics, the assumption of costless production is:
- To attain maximum profits during short-run a firm should produce the output that will:
- The optimal strategy for a player is termed as:
- The falling part of total Utility (TU) curve shows:
- At high prices, demand is likely to be:
- Total Utility (TU) curve:
- A market demand curve presumes that:
- If by doubling all inputs in the long run output is less than double, it is a case of:
- Contraction of demand means:
- If in the long run all factor inputs are increased three times and the resulting output is four times…
- Robbins definition of economics was criticised by:
- If the demand curve is horizontal then its slope is:
- Who finalized the model of monopolistic competition?
- Change in demand refers to:
- General equilibrium is concerned with simultaneous equilibrium of:
- Increasing return to scales can be explained in terms of:
- In economics, Externality means:
- The budget constraint equation of the firm is:
- Under the perfect competition, the transportation cost:
- In case of budget line, we get pairs of two goods where consumers income is:
- The Hicksian demand curve includes:
- Price-taker firms:
- According to Leontief technology, there:
- We get constant returns to scale when:
- The ordinal approach was presented by:
- A budget line shows:
- Moving along an indifference curve leaves the consumer:
- In cournot model, firms face:
- The short-run supply curve of the perfectly competitive firm is given by:
- According to current thinking, the law of diminishing returns applies to: