Business Economics

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Business Economics - Business Economics Objective Type Questions

21:

A profit-maximising monopolist in two separate markets will

A.	Always charge a higher price in the market where he sells less
B.	Always charge a higher price in the market where he sells more
C.	Charge the same price in both markets
D.	Adjust his sales in the two markets so that his MR in each market just equals his aggregate marginal cost
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	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

22:

Under bilateral monopoly the price is higher if

A.	The monopolist has his way
B.	The monopsonist has his way
C.	The monopolist acts as a competitor
D.	The monopsonist sells his own product in a monopoly market
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

23:

A monopoly producer usually earns

A.	Abnormal profits
B.	Neither profits nor losses
C.	Only normal profits
D.	Profits and losses which are uncertain
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

24:

The size of a monopolist's plant and the degree of utilisation of any given plant size, depend entirely on the

A.	Factor price
B.	Price of the good
C.	Market demand
D.	Market Supply
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

25:

Break-even point for a firm occurs where its

A.	Total Revenue > Total cost
B.	Total Revenue < Total cost
C.	Total Revenue = Total cost
D.	None of the above
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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