Exam 16: Market Structures and Equilibrium

The price of a commodity under the perfect competition is determined by:

The book 'Theory of Monopolistic Competition' is written by:

When there are only two sellers, the market is called as:

The market situation characterized by one buyer is:

The demand curve of Monopoly firm is ----------slopped.

Firm and industry are the same under:

Equilibrium literally means:

The Theory of Glut is the contribution of:

Monopoly is:

Competition "among the few" is often called as:

The point at which the firm covers its variable cost is called:

'Production of commodities by means of commodities' is related to:

Cartel is one form of:

Under the Perfect competition, products are:

Under perfect competition:

The demand curve of a firm under perfect competition is :

A monopolist is a:

The equilibrium point in game theory is called:

The payment given to the factor labour is known as:

The price at which the demand and supply are equal is called: