Unit 4 - Principles of Economics - BBA 1st Sem
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Answer - b) Homogeneous products
Answer - b) Fast-food industry
Answer - b) Oligopoly
Answer - b) Monopoly
Answer - d) Monopolistic competition
Answer - d) Monopolistic competition
Answer - d) Monopsony
Answer - b) Perfect competition
Answer - c) Perfect competition
Answer - a) Price equals marginal revenue
Answer - c) Price equals marginal cost
Answer - d) There are few firms and high barriers to entry
Answer - c) Firms face downward-sloping demand curves
Answer - c) Monopoly
Answer - b) Different customer groups are charged different prices
Answer - c) Monopoly
Answer - b) The firm sells fewer units
Answer - b) Low barriers to entry and exit
Answer - b) Collusion
Answer - c) Perfect competition
Final Score:
0Related MCQs / Quiz:
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