Duopoly for two sellers
What is that market termed in which there are just two sellers (or firms)? Answer: Duopoly terms to a market condition in which there are only two sellers.
What is that market termed in which there are just two sellers (or firms)?
Answer: Duopoly terms to a market condition in which there are only two sellers.
Describe the law of demand with help of a schedule diagram? Answer: The Law of demand states that there is an inverse relationship among the price of a commodity an
Buying low within one market and riskless selling at a higher price into another is termed as: (1) speculation. (2) arbitrage. (3) capitalization. (4) marketeering. (5) profiteering. Please choose the right answer from above...I wa
The Aid for Dependent Children (AFDC), program has been condemned most for: (w) high crime rates among the poor. (x) the disintegration of low income family structures. (y) indifference to the plight of the less fortunate. (z) the bankruptcies of Clev
Total cost for that monopolistic competitor in shown below figure equals area: (w) 0cbQ. (x) 0deQ + dcbe. (y) 0paQ cpab. (z) All of the above. Q : Income of Development and Distribution The extent of equality within the income distribution of a country seems to depend most heavily upon the degree of: (w) economic development in the country. (x) progress towards national socialism. (y) central economic planning. (z) fertility of the a
The extent of equality within the income distribution of a country seems to depend most heavily upon the degree of: (w) economic development in the country. (x) progress towards national socialism. (y) central economic planning. (z) fertility of the a
When the price of Kellogg's Corn Flakes goes up from $1.89 to $2.05 as well as quantity demanded changes from 250 to 210, in that case the demand for Kellogg's Corn Flakes: (w) unitary elastic. (x) relatively inelastic. (y) relatively
When industry expansion or contraction does not influence the prices of resources used through its firms, then the industry tends to experience: (w) increasing costs. (x) constant costs. (y) decreasing costs. (z) diseconomies of scale. Q : Maximum possible profitable firm A firm A firm possessing important market power may suffer by managerial slack [X-inefficiency] and unessential high costs, which implies that, the firm: (i) is likely to be absorbed through a predatory rival. (ii) realizes less than the max
A firm possessing important market power may suffer by managerial slack [X-inefficiency] and unessential high costs, which implies that, the firm: (i) is likely to be absorbed through a predatory rival. (ii) realizes less than the max
The market supply curve is derived via: (i) Evaluating the net costs for each potential level of output. (ii) Inverting (or taking the mirror image of) the market demand curve. (iii) Horizontally summing up individual supply curves. (iv) Averaging the
Elucidate the Secondary or Subsidiary function? Answer: 1) Standard of deferred payments: Money is executing as deferred Payment
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