Multiple Choice
The payment given to the factor labour is known as:
A) Rent
B) Wage
C) Interest
D) profit
Correct Answer:
Verified
Correct Answer:
Verified
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
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
Q20: The price at which the demand and
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