Multiple Choice
A monopolist is a:
A) Price taker
B) Price maker
C) Policy maker
D) All of these
Correct Answer:
Verified
Correct Answer:
Verified
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
Q16: The demand curve of a firm under
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
Q22: Kinked demand curve is found under:<br>A)Monopoly<br>B)Oligopoly<br>C)Perfect competition<br>D)Duopoly