Under pure monopoly, there will be:

A. No distinction between firm and industry

B. One firm and no industry

C. No firm and no industry

D. None of the above

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

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  1. In joint-profit maximization cartel, central agency sets the:
  2. An indifference curve normally slopes downward from:
  3. One way the government can induce a monopolist to expand his output is by imposing:
  4. Opportunity costs are also known as:
  5. In dominant strategies I am doing the best, I can no matter:
  6. If a firm produces zero output in the short period then which statement is true?
  7. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  8. At final equilibrium in cournot model, each firm sells:
  9. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  10. The difference between laws of return and laws of return to scale is:
  11. Price mechanism has also given the name:
  12. In Prisoners Dilemma, both the prisoners are interrogated:
  13. If the commodity is normal then Income Effect (I.E) is:
  14. Marginal revenue from a given output:
  15. In second degree price discrimination, monopolist takes away :
  16. Which of the following statement is wrong?
  17. The kinked demand curve comes into being where:
  18. Selling costs are incurred under monopolistic competition to:
  19. Extension (expansion) of demand means:
  20. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  21. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  22. The engineering production function and engineering costs curves are concerned with the:
  23. Any expansion in output by a firm in the short period will always reduce the:
  24. The combination of labor and capital where the cost of a given output is minimized is known as:
  25. For the given production function, technical efficiency is defined as:
  26. The games which played by players again and again are called:
  27. A firms profit is equal to:
  28. In case of monopoly, when total revenue is maximum:
  29. The horizontal demand curve for a commodity shows that its demand is:
  30. Normally when price per unit of time falls: