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31. A firm's marginal revenue
is always negative
can be positive
is always positive
is zero at point at which the total revenue is maximum
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32. In a monopoly market, an upward shift in the market demand results in a new equilibrium with
A higher quantity and a lower price
A higher quantity and the same price
A higher quantity and higher price
All of the above
33. Demand Analysis includes:
Demand Forecasting
Demand Differentials
Demand Determinations
34. In the case of monopolistic competition
MR curve cannot be defined
AR curve cannot be defined
The short run supply curve cannot be defined
None of the above
35. Which economist stated the positive impact of monopoly?
Marshall
Adam Smith
Joseph Schumpeter
Pigou
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