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Under price discrimination, the buyers must:

A. Be similar

B. Not be similar

C. Equal

D. None of the above

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  1. Income effect operates through an increase
  2. The number of sellers in oligopoly are:
  3. The production techniques are technically efficient:
  4. Total utility:
  5. In case of short-run, the supply curve of an industry is the horizontal summation of:
  6. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  7. If two goods have same marginal utility for a consumer then:
  8. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  9. Labor theory was firstly rejected by:
  10. In case of monopoly:
  11. Elasticity of Substitution (s) is defined as:
  12. At low prices, demand is likely to be:
  13. Contraction of demand means:
  14. Each firm in cournot model assumes that its competitor will:
  15. Who first used the term Quasi-Rent?
  16. Perfect competition assumes:
  17. An inferior commodity is one whose quantity demand decreases when income of the consumer:
  18. We can find total utility by:
  19. Karl Marx:
  20. Abstinence or Waiting theory of Interest was presented by:
  21. The short-run supply curve of the perfectly competitive firm is given by:
  22. Traditionally, the study of determination of price is called:
  23. In respect of which of the following category of goods is consumers surplus highest?
  24. A mixed economy is characterized by the coexistence of:
  25. Least cost combination of two factor inputs is achieved at a point where:
  26. Which of the following is not a feature of isoproduct curves?
  27. Elasticity of supply means change in supply due to change in:
  28. Slope of a demand curve is:
  29. A fall in demand for the product under monopolistic competition will likely result in:
  30. In Nash equilibrium, a player: