Who introduced various types of price discrimination
A) Alfred Marshall
B) Adam Smith
C) A C Pigou
D) J B Say
Correct Answer:
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Q8: Under monopoly, the equilibrium price is
A)Equal to
Q9: The cross elasticity of demand for the
Q10: Which of the following is known as
Q11: A monopolist usually earns
A)Economic profit
B)Only normal profit
C)Losses
D)Profit
Q12: Price discrimination is possible
A)Under any market form
B)Only
Q14: Oligopoly is a market situation characterized by
A)Large
Q15: Price leadership can be in the form
Q16: Assertion (A) Many oligopolistic industries exhibit an
Q17: The equilibrium level of output for a
Q18: The term 'monopsony' refers to
A)a single seller
B)a
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