Classical

Business Economics - Business Economics MCQ

11:  

A market in which only two firms exist is

A.

Oligopoly

B.

Duopoly

C.

Duopsony

D.

Oligopsony

 
 

Option: B

Explanation :


12:  
Value maximization theory fails to address the problem of
A.

self-serving management.

B.

risk

C.

uncertainty

D.

sluggish growth.

 
 

Option: A

Explanation :


13:  

Selling costs have to be incurred in case of

A.

Perfect competition

B.

Monopolistic competition

C.

Imperfect competition

D.

None

 
 

Option: B

Explanation :


14:  
Which type of competition leads to exploitation of consumer?
A.

Oligopoly

B.

Monopolistic competition

C.

Monopoly

D.

All of the above

 
 

Option: D

Explanation :


15:  

The equilibrium is unstable and indeterminate under

A.

Edgeworth model

B.

Cournot Model

C.

Sweezy Model

D.

Pareto Model

 
 

Option: A

Explanation :




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