A monopolistic market has ?

Related Mcqs:

A reduction in the costs of production will ?

A. Lead to a movement along the supply curve B. Shift the demand curve C. Shift the supply curve D. Lead to an extension of supply...

When supply increase in an agricultural market farmer’s earning might fall because ?

A. Supply is price elastic B. Demand is price inelastic C. The government buys up all the excess production D. All output must be sold at a maximum price...

Markets sometimes fail to exist because of________?

A. externalities B. the free-rider problem C. a and b D. a and c...

If the price of good is below the equilibrium price ?

A. there is a shortage and the price will rise B. the quantity demanded is equal to the quantity supplied and the price remains unchanged C. there is a shortage and the price will fall D. there is a surplus and the price will rise...

Economics say that there has to be some from of rationing whenever ?

A. inflation occurs B. there are externalities C. merit goods are produced D. there is excess demand...