Price leadership is a feature of:
A) Monopoly
B) Oligopoly
C) Duopoly
D) Monopolistic Competition
Correct Answer:
Verified
Q3: The demand curve of a firm under
Q4: The price of a commodity under the
Q5: Equilibrium literally means:
A)Balance
B)Imbalance
C)Change
D)None of these
Q6: The price at which the demand and
Q7: Cost of advertisement and salesmanship is called:
A)Sales
Q9: The market situation characterized by one buyer
Q10: Under the Perfect competition, products are:
A)Heterogeneous
B)Homogenous
C)Semi-homogeneous
D)All of
Q11: The demand curve of Monopoly firm is
Q12: The payment given to the factor labour
Q13: Monopoly is:
A)Presence of competition
B)Absence of competition
C)Both A
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