Multiple Choice
The following are conditions of perfect competition except
A) Sellers are large in number
B) Buyers are large in number
C) Commodity produced is homogenous
D) Commodity produced is differentiated
Correct Answer:
Verified
Correct Answer:
Verified
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
Q12: Which of the following is not a
Q13: Excess capacity is a feature of equilibrium
Q14: The market structure which has large number
Q16: The market structure which number of sellers
Q17: The concept of group equilibrium is related
Q18: In the long run, a monopolistically competitive
Q19: Selling cost is a feature of<br>A)Monopolistic competition<br>B)Perfect
Q20: The condition of short run equilibrium under