Price leadership can be in the form of
A) Price leadership by a low cost firm
B) Price leadership by a dominant firm
C) A barometric price leadership
D) All of the above
Correct Answer:
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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
Q13: Who introduced various types of price discrimination
A)Alfred
Q14: Oligopoly is a market situation characterized by
A)Large
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
Q19: In Chamberlin and Kinked demand curve model,
Q20: If an oligopolist incurs losses in the
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