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Business Economics - Business Economics Section 1

Avatto > > CS foundation > > PRACTICE QUESTIONS > > Business Economics > > Business Economics Section 1

6. Given that cost conditions are same, in monopolistic competition price is ...... and output is ........ as compared to perfect competition.

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7. The imposition of a ceiling on a monopolist's price will affect his

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8. A monopolist will fix the equilibrium output of his product where the elasticity of his AR curve is

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9. On an indifference map, higher indifference curves show

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10. Which of the following is true at equilibrium in monopolistic competition?

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