Economics - Study Mode
[#776] Demand curve of a normal goods is
Correct Answer
(D) All of the above
[#777] The marginal revenue curve in monopoly
Correct Answer
(D) lies below and diverges from the demand curve
[#778] Who among the following formulates fiscal policy in India?
Correct Answer
(B) Finance ministry
[#779] When a seller equates price and MC to maximize profit under perfect competition, a monopolist must equate
Correct Answer
(C) MR and MC
[#780] Match the following. List-I List-II a. Dumping 1. Monopolistic competition b. Kinked revenue curve 2. Oligopoly firm c. Horizontal straight line revenue curve 3. Perfectively competitive firm d. Large number of buyers and sellers with differentiated goods 4. Discriminatory monopoly
Correct Answer
(C) a-4, b-2, c-3, d-1