Multiple Choice
The price at which the demand and supply are equal is called:
A) Normal price
B) Support price
C) Equilibrium price
D) Fair price
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Under perfect competition:<br>A)AR and MR are identical<br>B)AR
Q16: The demand curve of a firm under
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
Q21: The equilibrium price in the short period
Q22: Kinked demand curve is found under:<br>A)Monopoly<br>B)Oligopoly<br>C)Perfect competition<br>D)Duopoly
Q23: Cost of advertisement and salesmanship is called:<br>A)Sales
Q24: ' The Economics of Imperfect Competition' is
Q25: Price leadership is a feature of:<br>A)Monopoly<br>B)Oligopoly<br>C)Duopoly<br>D)Monopolistic Competition