EASY
CA Foundation
IMPORTANT
Earn 100

In the long run monopolist
(a)Incur losses
(b)Must earn super normal profits
(c)Wants to shut down
(d)Earns only normal profits.

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Important Questions on Meaning and Types of Markets
EASY
CA Foundation
IMPORTANT
In Economics, the term 'market' refers to a:

EASY
CA Foundation
IMPORTANT
Market consists of _____

MEDIUM
CA Foundation
IMPORTANT
Which market has the concept of 'group' equilibrium in the long-run?

EASY
CA Foundation
IMPORTANT
Price rigidity is a situation found in which of the following market forms?

EASY
CA Foundation
IMPORTANT
Price leadership is the charactaristic of;

EASY
CA Foundation
IMPORTANT
In Oligopoly the kink in the demand curve is more due to _____.

EASY
CA Foundation
IMPORTANT
Kinked demand curve is

EASY
CA Foundation
IMPORTANT
The theory of oligopoly is a theory of_____.
