In a oligopoly market, there exists few sellers. This is because

Price elasticity is perfect competition is

There is only one Electronic showroom in a village, as it is their monopoly, they decided to change price of an electronic item from Rs.10,000 to Rs.13,500. This will

Price elasticity in monopoly market is not zero but it is relatively lower than other market forms

a monopoly firm faces _______ demand curve

a monopoly firm faces demand curve where price elasticity is

Price elasticity in a monopolistic competition is

Downward sloping demand curve is faced by a firm in _______ market form

In both monopoly market form and monopolistic competition demand curve is downward sloping but in case of monopolistic competition it will _______ as compared to monopoly

a monopolist can fix price of his product but if keep too high price he may not be able to sell much quantity and if he has to sell higher quantity he will have to keep prices reasonable. Therefore we can say a monopolist has _______ control over its price

a monopolist can decide his price but he cannot decide the quantity that will be bought by his customers at this price

Which of the following feature is common in monopolistic competition and perfect competition (choose one or more)

Which of the following feature is common in monopolistic competition and monopoly (choose one or more)

Monopolistic competition is when

perfect competition is when

oligopoly competition is when

In the short run if a firm discontinues its production, it will ________ variable costs and will __________ fixed costs

If a firm is making losses in the short run and it decides to shut down, then it will incur

a firm incurring loss in the short run will shut down if it is not able to recover even

M/s XYZ limited has total variable cost of Rs.50,000 and Its total fixed costs is Rs.20,000. Should the firm shut down if its total revenue is Rs.65,500.

If a firm decided to exit the market, it is possible in the

a firm cannot exit the market in the short run because

a firm may exit the market in the long run and in that case it will be able to avoid

There are 100 firms in an industry which operates in monopolistic competition, all of which are making huge profits, what is most likely to happen

In an industry where there is super normal profit, there new firms will continue to enter as long as

In _______ market form, if existing firms are earning super normal profits, then this will not last in the long run due to entry of new firms

In _______ market form, if existing firms are earning super normal profits, then this will continue in the long run as there are entry barriers

If a firm is making losses it may continue in the _______ but in the ______ the firm shall exit the market.

In perfectly competitive market, if a firm is making losses in the long run it will ______ ; and if it is making super normal profits then there will be _______; therefore there remains only one possibility in the long run i.e. _______

In monopolistically competative market, if a firm is making losses in the long run it will ______ ; and if it is making super normal profits then there will be _______; therefore there remains only one possibility in the long run i.e. _______

Equilibrium price and quantity demanded is

Shift in demand curve from (dd) to (d’d’) is because of

Shift in demand curve from (dd) to (d’d’) is when

Shift in demand curve from (dd) to (d’d’) would cause equilibrium price to

Shift in demand curve from (dd) to (d’d’) would cause equilibrium quantity to

In the short run a firm should shut down if it’s total revenue is

If a firm shut down in short run, it will incur

If at equilibrium point, AR > AC, this means the firm is earning

A market form in which there are large number of sellers but every firm sells its product somewhat different from its competitors

In which market form, supply curve is derived from marginal cost curve

find price elasticity of demand in this case using arc method or using total outlay method

A firm in the perfect competition market in the long run can not earn super normal profits because of

A monopoly firm can make loss in the short run,

No firm would continue in the long run if it is making losses

At profit maximising level (i.e. where MC = MR), firms average revenue is

In this image at the point where MC=MR, how much is the average profit (i.e. AR - AC)

In this graph the area darkened in green is showing

A monopoly firm can make loss in the short run,

No firm would continue in the long run if it is making losses

Usually when price discrimination happens, low prices is charged in that sub market where

If the current demand is represented by D2 and current supply is represented by S2, then what is the current equilibrium point of the firm

If the current demand is represented by D2 and current supply is represented by S2, then what is the current equilibrium point of the firm

current demand is represented by D2 and current supply is represented by S2, and the firms demand increases due to increase in the price of its substitute goods, then what will be the new equilibrium point

current demand is represented by D2 and current supply is represented by S2, and the firms supply increases due to low raw material costs, what will be the new equilibrium point

current demand is represented by D2 and current supply is represented by S2. If there is simultaneous increase in demand and decrease in supply, then what will be the new equilibrium point of the firm

A market form in which there is only one buyer is known as

A sub type of oligopoly where one single firm leads the market and all other firms competing with that leader firm has to follow the leader

in which of the following market, a firm produces at optimum point in the long run