Question:
Which of the following are correct regarding market structures:
A. Monopolistic competition is characterised by free entry/exit with each firm producing differentiated goods.
B. Oligopoly allows free entry.
C. Cartels are formed when firms explicitly collude and maximise joint profits.
D. Monopoly power arises when price > AC
E. Competitive market does not allow free entry.
Choose the correct answer from the options given below:
Which of the following are correct regarding market structures:
A. Monopolistic competition is characterised by free entry/exit with each firm producing differentiated goods.
B. Oligopoly allows free entry.
C. Cartels are formed when firms explicitly collude and maximise joint profits.
D. Monopoly power arises when price > AC
E. Competitive market does not allow free entry.
Choose the correct answer from the options given below:
A. Monopolistic competition is characterised by free entry/exit with each firm producing differentiated goods.
B. Oligopoly allows free entry.
C. Cartels are formed when firms explicitly collude and maximise joint profits.
D. Monopoly power arises when price > AC
E. Competitive market does not allow free entry.
Choose the correct answer from the options given below:
Updated On: Mar 12, 2024
- A and B only
- A and E only
- C and D only
- A and C only
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The correct option is(D): A and C only
Was this answer helpful?
0
0
Top Questions on Money Market
- Consider a closed economy IS-LM model. The goods and the money market equations are respectively given as follows:
$ 𝑌 = 90 + 0.8𝑌_𝑑 − 100𝑖 + 𝐺$
$𝑀_𝑠 = 750 + 0.2𝑌 − 260𝑖$
where, 𝑌 = national income; $𝑌_𝑑$ = disposable income; 𝑇 = total tax given by 𝑇 = 5 + 0.2𝑌; 𝑖 = interest rate; 𝐺 = government expenditure = 300; $ 𝑀_𝑠$ = constant money supply = 950.
The value of 𝑇 at equilibrium 𝑌 is _______. (rounded off to the nearest integer).- IIT JAM EN - 2024
- Macroeconomics
- Money Market
- Match List - I with List- II.
List - I List - II (A) MPC (I) \(\frac{1}{(1-MPC)}\) (B) AD (II) \(\frac{\Delta c}{\Delta y}\) (C) K (III) C+1 (D) If MPC = 0 (IV) K=1
Choose the correct answer from the options given below:- CUET (UG) - 2023
- Economics
- Money Market
- Calculate the Gross Domestic Product at market price for the data given below.
₹ \(NNP_FC\) 380 Normal wear and tear 40 Subsidies (Net) 40 Intermediate Cost 120 Net factor income to Abroad (-20) - CUET (UG) - 2023
- Economics
- Money Market
- Suppose the US interest rate is 3% per annum. The ₹-$ exchange rate in spot market is 80 and in 3-month forward market is 81. What is the per annum return on US bond in rupee terms?
- CUET (PG) - 2023
- Economics
- Money Market
- Exchange rate determined by the market forces of demand and supply is known as:
- CUET (UG) - 2023
- Economics
- Money Market
View More Questions
Questions Asked in CUET PG exam
- What is the correct verb form: He, as well as his friends, ?
- Which preposition is correct: Chanakya lived ?
- CUET (PG) - 2025
- Prepositions
- Identify the possessive noun: My office car is parked elsewhere.
- Which tense is appropriate: How did Saira ?
- Complete the sentence: There is a growing synthesis between humanism and ?
- CUET (PG) - 2025
- Sentence Completion
View More Questions