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Business Economics > Chapter 4 Markets and it's determinants > Flashcards

Chapter 4 Markets and it's determinants Flashcards

1
Q

When seller is having considerable control over prices

  1. Perfect competition
  2. Monopoly
  3. Monopolistic
  4. Oligopoly
A

Monopoly

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2
Q

P=MR=AR

  1. Monopoly
  2. Monopolistic
  3. Perfect competition
  4. Oligopoly
A

Perfect competition

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3
Q

Oligopoly market is having ______ model

  1. Swizzy model
  2. Sweezy model
  3. Both A&B
  4. None
A

Sweezy model

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4
Q

few sellers is distinguishing feature of_____ market

  1. Perfect competition
  2. Monopoly
  3. Monopolistic
  4. Oligopoly
A

Oligopoly

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Business Economics (4 decks)

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