The demand for the product of a monopoly firm is
The demand for the product of a monopoly firm is
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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The first chartered bank was established at———————
Question: The first chartered bank was established at———————
A. japan B. philadelphia C. india D. france. Answer» b. philadelphia Note: The above multiple-choice question is for all general and Competitive Exams in India. In the long run, a perfectly competitive firm earning zero economic profits
Question: In the long run, a perfectly competitive firm earning zero economic profits
A. will exit the market in search of more profitable use of its resources B. is earning a normal rate of return on its investments C. signifies that the firm is performing poorly and so should exit the market D. will break even Answer» b. is earning a normal rate of return on its investments Note: The above multiple-choice question is for all general and Competitive Exams in India. One difference between perfect competition and monopolistic competition is that:
Question: One difference between perfect competition and monopolistic competition is that:
A. In perfect competition, the products are slightly differentiated between firms B. There are a larger number of firms in monopolistic competition C. There are a smaller number of firms in perfectly competitive industries D. Firms in monopolistic competition have some degree of market power Answer» d. Firms in monopolistic competition have some degree of market power Note: The above multiple-choice question is for all general and Competitive Exams in India. A ______ is a value that may change within the scope of a given problem or set ofoperations
Question: A ______ is a value that may change within the scope of a given problem or set ofoperations
A. constant B. variable C. function D. exponent Answer» b. variable Note: The above multiple-choice question is for all general and Competitive Exams in India. In classical theory which of the following is found in the economy:
Question: In classical theory which of the following is found in the economy:
A. unemployment B. involuntary unemployment C. less than full employment D. full employment Answer» d. full employment Note: The above multiple-choice question is for all general and Competitive Exams in India. Which of the following is a characteristic of monopolistic competition?
Question: Which of the following is a characteristic of monopolistic competition?
A. Few sellers B. A differentiated product C. Easy entry into and exit from the industry D. All of the above Answer» a. Few sellers Note: The above multiple-choice question is for all general and Competitive Exams in India.