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31. Which of the following is a pricing method?
Seasonal
Cost plus
Promotional
None of these
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32. Which of the following is a type of price discount?
Quantity
Cash
Trade
All of the above
33. An example of derived demand is
Money
Cigarette
Car
Mobile Phone
34. Monopolistic competition has features of
Monopoly but not a competition
Monopoly and competition, with features of competition predominating
Monopoly and competition with features of monopoly predominating
None of the above
35. For a competitive firm, long-period normal price will
Equal AC and MC of production
Equal MC of production only
Equal AC of production only
Equal TC of production only
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