Multiple Choice
If an oligopolist incurs losses in the short run, then in the long run
A) The oligopolist will go out of business
B) The oligopolist will stay in business
C) The oligopolist will break-even
D) Any of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q15: A monopolist usually earns<br>A)Economic profit<br>B)Only normal profit<br>C)Losses<br>D)Profit
Q16: The cross elasticity of demand for the
Q17: The equilibrium level of output for a
Q18: Monopolist will not produce that portion of
Q19: Who introduced various types of price discrimination<br>A)Alfred
Q20: Under pure monopoly, there will be<br>A)No distinction
Q21: A firm under Perfect Competition is a:<br>A)Price
Q22: A firm practicing price discrimination will be<br>A)Changing
Q24: Price discrimination is possible<br>A)Under any market form<br>B)Only
Q25: Existence of large number of buyers and