Multiple Choice
The demand curve of a firm under perfect competition is :
A) Inelastic
B) Perfectly inelastic
C) Infinitely elastic
D) Unitary elastic
Correct Answer:
Verified
Correct Answer:
Verified
Q11: The point at which the firm covers
Q12: 'Production of commodities by means of commodities'
Q13: Cartel is one form of:<br>A)Monopoly<br>B)Duopoly<br>C)Collusive oligopoly<br>D)Non-collusive oligopoly
Q14: Under the Perfect competition, products are:<br>A)Heterogeneous<br>B)Homogenous<br>C)Semi-homogeneous<br>D)All of
Q15: Under perfect competition:<br>A)AR and MR are identical<br>B)AR
Q17: A monopolist is a:<br>A)Price taker<br>B)Price maker<br>C)Policy maker<br>D)All
Q18: The equilibrium point in game theory is
Q19: The payment given to the factor labour
Q20: The price at which the demand and
Q21: The equilibrium price in the short period