'A few big sellers' is a characteristics of:
(Choose the correct alternative)
(a) Perfect Competition
(b) Monopolistic Competition
(c) Oligopoly
(d) None of the above
1 Answers
Talk Doctor Online in Bissoy App
When the Average Product (AP) is maxinrum, the Marginal Product (MP) is : (Choose the correct alternative)
(a) Equal to AP
1 Answers 1 views
When the total fixed cost of producing 100 units is Rs.30 and the average variable cost Rs.3, total cost is : (Choose the correct alternative)
(c) Total cost is Rs.330
1 Answers 1 views
Which of the following affects national income ? (Choose the correct alternative) (a) Goods and Services tax
(b) Corporation tax
1 Answers 1 views
The central bank can increase availability of credit by : (Choose the correct alternative) (a) Raising repo rate
(c) Buying government securities.
1 Answers 1 views
The demand of a commodity when measured through the expenditure approach is inelastic, result in (choose the correct alternative) :
The demand of a commodity, when measured through the expenditure approach, is inelastic. A fall in its price will result in decrease in expenditure on it. Reason : In case of...
1 Answers 1 views
Explain the implication of "Perfect Knowledge about Market" under perfect competition.
‘Perfect Knowledge implies that buyers are fully aware of price in market and sellers of technique of production. Knowledge by buyers further implies that no buyers is willing to pay...
1 Answers 1 views
What will you call the market which has characteristics both of monopoly and perfect competition?
Monopolistic Competition
1 Answers 2 views
Name the characteristic which makes monopolistic competition different from perfect competition.
Product differentiation makes monopolistic competition different from perfect competition.
1 Answers 1 views
Explain the implications of the following in an Oligopoly Market: (i) Barriers to entry of new firms. (ii) A few or a few big sellers.
(i) The main implication of barriers to entry is that such barriers allow only a limited number of firms into oligopoly industries. Such barriers may be in the form of...
1 Answers 1 views
Which of the following is a correct measure of primary deficit? (Choose the correct alternative) (a) Fiscal deficit minus Revenue deficit
(c) Fiscal deficit minus Interest Payments
1 Answers 1 views