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11. A market in which only two firms exist is
Oligopoly
Duopoly
Duopsony
Oligopsony
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12. Value maximization theory fails to address the problem of
self-serving management.
risk
uncertainty
sluggish growth.
13. Selling costs have to be incurred in case of
Perfect competition
Monopolistic competition
Imperfect competition
None
14. Which type of competition leads to exploitation of consumer?
Monopoly
All of the above
15. The equilibrium is unstable and indeterminate under
Edgeworth model
Cournot Model
Sweezy Model
Pareto Model
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