Description : The degree of monopoly power is to be measured in terms of the firm's- (1) normal profit (2) supernormal profit (3) both normal and supernormal profit (4) selling price
Last Answer : (2) supernormal profit Explanation: Monopoly power implies the amount of discretion which a monopolist possesses to fix up the prices of his products and degree of control over his output decisions. ... the degree of monopoly power can be measured by the monopoly firm's super-normal profit.
Description : The degree of monopoly power is to be measured in terms of the firm’s (1) normal profit (2) supernormal profit (3) both normal and supernormal profit (4) selling price
Last Answer : supernormal profit
Description : The degree of Monopoly power can be measured by the formula : (a) (P – MC) / P (b) AR / (AR – MR) (c) MR / (AR – MR) (d) MC / (AR – MR)
Last Answer : (a) (P – MC) / P
Description : Different firms constituting the industry, produce homogeneous goods under (1) monopoly (2) monopolistic competition (3) oligopoly (4) perfect competition
Last Answer : (4) perfect competition Explanation: The fundamental condition of perfect competition is that there must be a large number of sellers or firms. Homogeneous Commodity is the second fundamental condition ... are homogeneous and identical. In other words, they are perfect substitutes for one another.
Description : A market in which there are a few number of large firms is called as (1) Duopoly (2) Competition (3) Oligopoly (4) Monopoly
Last Answer : (3) Oligopoly Explanation: Duopoly means a market in which two producers of the same good are predominantly powerful. In some theries, the term is used specifically to denote the existence of only two suppliers of a good.
Description : Which one of the following is not a feature of monopoly? (1) Single seller of the product (2) Heavy selling costs (3) Barriers to entry of new firms (4) Price discriminations
Last Answer : (2) Heavy selling costs Explanation: Heavy selling cost is one of the defining features of an oligopoly. Firms resort to heavy selling cost to attract customers. Under this market ... mainly by heavy advertising and promotional expenditure that ultimately adds to the total selling cost.
Description : situation in which the number of competing firms is relatively small is known as A.Monopoly B.Perfect competition C.Monopsony D.Oligopoly
Last Answer : D.Oligopoly
Description : A situation in which the number of competing firms is relatively small is known as A.Monopoly B.Perfect competition C.Monopsony D.Oligopoly
Description : If the total production in an economy is produced by “a few big firms” than this market is known as (a) Monopolistic Competition (b) Duopoly (c) Oligopoly (d) Discriminating Monopoly
Last Answer : (b) Duopoly
Description : If the total production in an economy for a product is produced by a few big firms, then this market is known as : (a) Monopolistic Competition (b) Oligopoly (c) Duopoly (d) Discriminating Monopoly
Last Answer : Oligopoly
Description : When the market is run by a small number of firms that together control the majority of market share is known as A. Oligopoly B. Monopoly C. Oligopsony D. Perfect competition
Last Answer : A. Oligopoly
Description : Which of the following firms would most likely have a monopoly for its competitive environment? A)Sunset Cablevision B)Montgomery Transport C)Post Office Parcel Services D)Telecom Car Phones E)Dorset Lawn Care
Last Answer : A)Sunset Cablevision
Description : In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to (a) Price discrimination;(b)Cost effectiveness ; (c) Banned entry of new firms ; (d) Sales promotion
Last Answer : (c) Banned entry of new firms ;
Description : Which one of the following is not a feature of monopoly ? (1) Single seller of the product (2) Heavy selling costs (3) Barriers to entry of new firms (4) Price discriminations
Last Answer : Heavy selling costs
Last Answer : perfect competition
Description : . In order to practice price discrimination, which of the following is needed? a. some degree of monopoly power b. an ability to separate the market c. an ability to prevent reselling d. all of the above
Last Answer : d. all of the above
Description : Colgate, Samsung etc are 1. Public Limited companies 2. Monopoly items 3. Legal terms 4. Brand Names 5. None of these
Last Answer : Brand Names
Description : How does international law facilitate international trade and investment? A. It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment. B. It ... are open to differing interpretations. D. The Uniform Commercial Code favors big US multinationals.
Last Answer : It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment.
Description : As Reggie prepares a market attractiveness -business position model for his firm's proposed entry into the video game market, he considers the large number of competing firms to be a: A)plus in ... of attractiveness. C)plus in terms of market attractiveness. D)minus in terms of business position.
Last Answer : B)minus in terms of attractiveness.
Description : Which of the following statements is false? Electronic commerce: A. can allow new ventures to compete on more or less equal terms with large firms. B. can lead to small businesses having reduced contact ... C. is rarely used in small businesses. D. is used in many different industries and markets.
Last Answer : C. is rarely used in small businesses.
Description : The power is measured in terms of decibles in case of?
Last Answer : The power is measured in terms of decibles in case of electronic equipment.
Description : In which year did the Congress loose its monopoly of power in the States for the first time after the elections? -Do You Know?
Last Answer : 1967 general election was a watershed in Indian politics and the lessons it left behind
Description : Why does the government sometimes give monopoly power to a company by insisting a patent?
Last Answer : Need answer
Description : Comcast cable has a virtual monopoly over my building in Arlington, Virginia and use this power to continually raise prices for residents. Is there anything we can do to combat this, and bring in other cable companies to increase competition?
Last Answer : It is up to your landlord and who he signs on with. You can petition your landlord to offer another alternative to residents.
Description : In which year did the Congress loose its monopoly of power in the States for the first time after the elections?
Last Answer : 1967
Description : Which bank enjoys monopoly power of note issue? (a) NABARD. (b) Commercial Bank. © Central Bank. (d) Regional Rural Bank.
Last Answer : © Central Bank.
Description : Which bank enjoys monopoly power of note issue? (a) NABARD (b) Agricultural bank © Industrial bank (d) Central bank.
Last Answer : (d) Central bank.
Description : 1. Which cup/trophy is associated with football? 2. What is the main cause of extinction of species from tropics? 3. In which year did the Congress loose its monopoly of power in the ... bearing kimberlite been discovered in the recent past? 20. Who in ancient India assumed the title amitraghata?
Last Answer : Answer : 1. Santosh Trophy 2. Deforestation 3. 1967 4. Corbett 5. Surya Sen 6. Silicon 7. Madam Curie 8. Finance Ministry 9. Corbett National Park 10. Udham Singh 11. Protoplasm 12. Election ... rapidly 14. Orissa 15. Seleucus 16. Bharat Ratna 17. 1920 18. Chloroplasts 19. Raipur 20. Bindusar
Description : Feed is measured in units of a.length/revolution b.degree/revolution c.length d.velocity
Last Answer : a.length/revolution
Description : What is the degree of exactness of measurement when compared to the expected value of the variable being measured?
Last Answer : Accurary
Description : The thickness of ozone in a column of air from the ground to the top of the atmosphere is measured in terms of:
Last Answer : The thickness of ozone in a column of air from the ground to the top of the atmosphere is measured ... . Pascal units C. Svedber units D. Dobson units
Description : When a behavior is measured in terms of its intensity the characteristic being measured is its latency?
Description : When a behavior is measured in terms of its intensity the characteristic being measured is its?
Description : Plotter accuracy is measured in terms of repeatability and A) Buffer size B) Resolution C) Vertical dimensions D) Intelligence
Last Answer : Answer : B
Description : "he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou
Last Answer : (3) Hicks Explanation: British economist John Hicks said that National income is a collection of goods and services reduced to a common basis by being measured in terms of money. Hicks ... macroeconomics. His book Value and Capital (1939) significantly extended general-equilibrium and value theory.
Description : Hardness of the water is commonly measured in terms of - (1) Calcium carbonate equivalents (2) Calcium sulphate equivalents (3) Magnesium carbonate equivalents (4) Magnesium sulphate equivalents
Last Answer : (1) Calcium carbonate equivalents
Description : Amount of water vapour in the atmosphere is measured in terms of – (1) Humidity (2) Droplets (3) Smog (4) All of the above
Last Answer : (1) Humidity Explanation: Humidity is the amount of water vapor in the air. Water vapor is the has phase of water and is invisible. Humidity indicates the likelihood of precipitation, dew, or ... of sweating in cooling the body by reducing the rate of evaporation of moisture from the skin.
Description : External noise fields are measured in terms of _______. A. rms values B. dc values C. average values D. peak values
Last Answer : D. peak values
Description : The energy of food measured in terms of heat units is?
Last Answer : Calorie
Description : Efforts is measured in terms of ? Person - Months Persons Rupees Months
Last Answer : Person - Months
Description : Pick out the wrong statement. (A) Fibrillation of fibre during paper manufacture is done to develop the strength in paper (B) Alkali consumption in digestion/cooking of bamboo is measured in terms ... both lignin & cellulose (D) Presence of sodium sulphate in pulp makes the pulp bleachability poor
Last Answer : (D) Presence of sodium sulphate in pulp makes the pulp bleachability poor