Market structure

Price of the product remains constant in the market ...........

• Monopoly

• Monopolistic

• Oligopoly

• Perfect competition

In the third degree price discrimination, the seller divides ................ in the different groups.

• Market

• Buyers

• Product

• Workers

In the long run equilibrium , the firm in perfect competition obtains .........

• Super profit

• Abnormal profit

• Loss

• Normal profit

The equilibrium of firm is maintained where MC = MR and ................

• MR cuts AR from below

• MC cuts AC from below

• MR cuts AC from below

• MC cuts MR from below

Application of Game Theory is suitable in ............. market strategy.

• Monopoly

• Duopoly

• Oligopoly

• Monopolistic competition

The excess capacity of the firm is utilized under the ......... market.

• Perfect competition

• Monopoly

• Monopolistic

• Oligopoly

The monopoly firm exists because of ......

• 1. government protection

• 2. Monopoly in factors

• 3 .Large production

• All of these

In case of joint product of a firm, the interrelated goods mean ..........

• Complement and supplement

• Complement and substitute

• Substitute and supplement

• Demand and supply