Q.       Which one of the following is not the assumption of the Marginal Productivity Theory of Distribution? A.           Homogeneity of a factor       ...

Q.       With which of the theories of wages is the name of John Stuart Mill associated? A.           Marginal productivity theory of wages       ...

Q.       Which form of market structure is characterised by interdependence in decision-making as between the different competing firms? A.           Oligopoly         ...

Q.        The Kinky demand curve hypothesis is designed to explain in the context of oligopoly: A.           Price and output determination      B.            ...

Q.       Which of the following oligopoly models is concerned with the maximization of joint profits? A.           Price leadership model           ...

Q.        Discriminating monopoly implies that the monopolist charges different prices for his commodity: A.           From different groups of consumers            ...

Q.       The situation of monopolistic competition is created by: A.           Small number of producers of a commodity           ...

Q.        Under which of the following forms of market structure does a firm have no control over the price of its product? A.           Monopoly        ...

Q.        Which is the other name that is given to the average revenue curve? A.           Profit curve    B.            Demand curve ...

Q. In which of the following market structure is the degree of control over the price of its product by a firm very large? Imperfect competitionPerfect competitionMonopolyIn A and B both Answer: Monopoly

Q.       In which form of the market structure in the degree of control over the price of its product by a firm very large? A.           Monopoly        ...

Q. Price discrimination will be profitable only if the elasticity of demand in different markets into which the total market has been divided is: Uniform  DifferentLess             Zero Answer: Different