Price Determination in Different Markets-Test 6

Monopolistic competition takes account of all the following except

Negative sloped with higher elasticity demand curve is related to

The sale of ‘branded’ articles is common in a situation of

In the case of monopolistic competition

Under monopolistic competition there can be freedom of entry in the sense of a freedom to produce

The strength of a monopolist may be assessed by

The structure of the soap industry in India is best described as :

Identify the correct statement :

Under which market conditions can a firm be of optimum size producing at the minimum cost in the long run ?

If a seller realizes Rs.1000 after selling 50 units and Rs.1018 after selling 51 units. What is the marginal revenue here ?

Mutual inter-dependence is a characteristic of oligopolistic market, which makes it necessary for each firm to

Price discrimination is undertaken with the aim of

Which of the following statements is correct ?

In the long run, monopolistic competition differs from perfect competition in that monopolistically competitive firm has

Monopoly power refers to the firm’s ability to

If after selling 10 units, a seller realizes Rs.12,000 and after selling 15 unit he realizes Rs.20,000 what is the marginal revenue here ?

A condition needed for a perfectly competitive industry to exist is that :

Two opposing forces that reach balance in market equilibrium are :

Kinked demand curve is Oligopoly market explains

Marginal revenue will be zero if the elasticity of demand is

MRn = TRn – TRn-1 is the algebraic expression of

In general, if the average revenue curve is a straight line, the marginal revenue curve will be

When AR is falling, MR. will be

When the units of factor increases marginal revenue productivity of a factor

Assume that a firm’s total revenue curve takes the form of a straight line, which passes through the origin. We may deduce that

Which of the following formula explain the term average revenue ?

Marginal revenue will be positive if elasticity of demand is

Using Total Revenue and total cost curves, the level of output that gives maximum profits will be one where

Marginal Revenue will be negative if the demand is

When AR is constant, MR is