A. | Increase |
B. | Decrease |
C. | is zero |
D. | is negative |
Option: B Explanation : Click on Discuss to view users comments. |
A. |
All rivals charge the same price which is charged by the oligopolist
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B. |
All rivals charge a price independent of the price charged by the oligopolist
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C. |
All rivals follow the oligopolist upto certain price but beyond that they do not.
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D. |
All oligopolist charges the price as independent sellers.
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Option: C Explanation : Click on Discuss to view users comments. |
'Kinked' demand curve is related with
A. | Monopoly |
B. | Discriminating monopoly |
C. | Oligopoly |
D. | Perfect competition |
Option: C Explanation : Click on Discuss to view users comments. |
In a typical demand schedule, quantity demanded
A. | Varies directly with price |
B. | Varies proportionately with price |
C. | Varies inversely with price |
D. | Is independent of price |
Option: C Explanation : Click on Discuss to view users comments. |