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 :

Click on Discuss to view users comments.

Write your comments here:



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

self-serving management.

B.

risk

C.

uncertainty

D.

sluggish growth.

 
 

Option: A

Explanation :

Click on Discuss to view users comments.

Write your comments here:



13:  

Selling costs have to be incurred in case of

A.

Perfect competition

B.

Monopolistic competition

C.

Imperfect competition

D.

None

 
 

Option: B

Explanation :

Click on Discuss to view users comments.

jaganna said: (10:16pm on Monday 21st August 2017)
Selling cost shouldn't occurred in case of perfect

Write your comments here:



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 :

Click on Discuss to view users comments.

Write your comments here:



15:  

The equilibrium is unstable and indeterminate under

A.

Edgeworth model

B.

Cournot Model

C.

Sweezy Model

D.

Pareto Model

 
 

Option: A

Explanation :

Click on Discuss to view users comments.

Write your comments here:





Suggest an improvement