Multiple Choice
Classical oligopoly models are related to
A) collusive oligopoly
B) non-collusive oligopoly
C) price leadership model
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Monopsony refers to<br>A)single seller<br>B)a few sellers<br>C)single buyer<br>D)a
Q16: The cross elasticity of demand for the
Q17: Oligopoly is a market situation characterized by<br>A)large
Q18: Which of the following is known as
Q19: A monopolist usually earns<br>A)economic profit<br>B)only normal profit<br>C)losses<br>D)profit
Q20: Selling cost is maximum in the case
Q21: Price discrimination is possible<br>A)under any market form<br>B)only
Q22: 'Indeterminateness of demand curve' is a feature
Q23: Advertising can become 'a life and death
Q25: Monopolist can fix<br>A)both price and output<br>B)neither price