The term group equilibrium is referred to
A) duopoly
B) monopolistic competition
C) perfect competition
D) oligopoly
Correct Answer:
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Q15: Excess capacity is a hallmark of
A)perfect competition
B)monopoly
C)oligopoly
D)monopolistic
Q16: Monopolistically competitive firms
A)are small in size
B)have small
Q17: Selling cost assumes paramount importance in
A)perfect competition
B)monopoly
C)monopolistic
Q18: Under monopolistic competition, there can be freedom
Q19: A firm under monopolistic competition advertise because
A)to
Q20: In the case of monopolistic competition,
A)short run
Q21: Under monopolistic competition, super normal profit arise
Q22: Which of the following condition are met
Q24: Increase or decrease in the level of
Q25: Monopolistic competitive firm fixes the price of
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