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21. In the calculation of elasticity, there is error in case of
Arc elasticity
Point elasticity
Both (a) and (b)
None
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22. How many sellers are present in duopoly?
1
2
3
4
23. Efficient allocation of resources is achieved to greatest extent under
Monopoly
Perfect competition
Oligopoly
Monopolistic competition
24. For maximisation of profit in the short run, the condition is
AR = AC
MR = MC
MR = AR
MC = AC
25. Study of collusive agreement is
Collusive oligopoly
Non-Collusive oligopoly
All of the above
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