Problem 1: Why are AR and MR curves downward sloping in monopolistic completion?
Problem 2: What are the two objectives of practicing price discrimination?
Problem 3: Give two examples of oligopoly firms in Oman.
What is meant by 'strategic interdependence' in Oligopoly?
Problem 4: Write short answers:
i) Rule for entry and exit of firms in a market
ii) Normal profit in a perfectly competitive market i
iii) Two negative externalities visible in Oman
Problem 5: Differentiate between different market forms studied by you. Give any three differences.
Problem 6: Study the diagram below and answer the questions.
a) Name the market form.
b) Mention any two characteristics of this market form.
c) Why is Price, Average revenue (AR) and Marginal revenue (MR) equal?
d) What is the level of profit being earned in the diagram?
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