Economics - Study Mode

[#1026] Match the following. List-I (Forms of Market) List-II (Features) a. Perfect competition 1. High degree of interdependence b. Monopolistic competition 2. Homogeneous product c. Monopoly 3. Product differentiation d. Oligopoly 4. One seller and large number of buyers
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(B) a-2, b-3, c-4, d-1

[#1027] In the case of a short-run production function, the factor ratio remains
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(B) Variable

[#1028] The cross-price elasticity between two products is found to be half. From this, we know that the two product are
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(D) Complements

[#1029] A natural monopoly is a market situation, in which
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(B) a single firm supplies natural resources to an entire industry

[#1030] The G. E. Business Model is explained on which one of the following parameters?
Correct Answer

(A) Market Attractiveness and Business Position