The kinked demand curve explains
A. | Price rigidity |
B. | Price flexibility |
C. | Demand rigidity |
D. | Demand flexibility |
Option: A Explanation : Click on Discuss to view users comments. jagannath said: (11:46am on Monday 21st August 2017)
Because in oligopoly if a firm decrease price ,competitor also decrease price.ànd if he price increase competitor dosen,t.so affect revenue of firm
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Imperfect competition was introduced by
A. | Marshall |
B. | Chamberlin |
C. | Keynes |
D. | None |
Option: B Explanation : Click on Discuss to view users comments. |
A situation in which the number of competing firms is relatively small is known as
A. | Monopoly |
B. | Perfect competition |
C. | Monopsony |
D. | Oligopoly |
Option: D Explanation : Click on Discuss to view users comments. |
Demand is a function of
A. | Price |
B. | Firm |
C. | Product |
D. | Cost |
Option: A Explanation : Click on Discuss to view users comments. |
The term group equilibrium is related to
A. | Monopolistic competition |
B. | Oligopoly |
C. | Duopoly |
D. | Perfect competition |
Option: A Explanation : Click on Discuss to view users comments. jaganna said: (11:52am on Monday 21st August 2017)
Beacuse in monopolistic competition large numbers of firm produce differentiated products
jaganna said: (11:52am on Monday 21st August 2017)
Beacuse in monopolistic competition large numbers of firm produce differentiated products
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