Multiple Choice
The equilibrium price in the short period is called:
A) Normal price
B) Abnormal price
C) Market price
D) Bogus price
Correct Answer:
Verified
Correct Answer:
Verified
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
Q20: The price at which the demand and
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
Q26: Perfect competition is a market situation under