Multiple Choice
Which of the following is not a feature of monopolistic competition?
A) Homogenous product
B) Large number of firms
C) Freedom to entry and exit
D) Differentiated product
Correct Answer:
Verified
Correct Answer:
Verified
Q7: The condition of perfect competition is fulfilled
Q8: The market structure with Perfect knowledge is
Q9: OPEC is an example of<br>A)Bilateral monopoly<br>B)Monopoly<br>C)cartel<br>D)Kinked Oligopoly
Q10: An international price discrimination<br>A)Dumping<br>B)Bundling<br>C)Discounting<br>D)Off loading
Q11: The concept of kinked demand curve is
Q13: Excess capacity is a feature of equilibrium
Q14: The market structure which has large number
Q15: The following are conditions of perfect competition
Q16: The market structure which number of sellers
Q17: The concept of group equilibrium is related