Bissoy.com
Doctors Medicines MCQs Q&A

Related Questions

The kinked demand curve model of oligopoly assumes that the price elasticity of demand
The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form acoherent paragraph.
P- The magnitude of the interdependence depends on the technique of production causing the shifts in the food supply curve.
Q- Interdependence of food and labour market is important for the development process.
R- Similarly, an upward shift in the food supply curve shifts up the food demand curve.
S- An upward shift in the food supply curve would simultaneously result in an upward shift in the labour demand curve.
Who, among the following economists, used the technique of kinked demand curve to explain price rigidity under oligopoly?
Which two of the following statements are true? a) A simple monopoly firm always earns super normal profit  b) Sweezy's kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity  c) A perfectly competitive firm is price - taker  d) Firms under monopolistic competition earn only normal profits  Choose the correct option from those below 
In the context of oligopoly, the kinked demand curve hypothesis is designed to explain
The kinked demand curve model of oligopoly assumes that
The Kinked demand curve model of oligopoly was developed by
Which two of the following statements are true?
I. A simple monopoly firm always earns super normal profit
II. Sweezy's kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity
III. A perfectly competitive firm is price-taker
IV. Firms under monopolistic competition earn only normal profits
Choose the correct option from those below
Consider the following statements about Oligopoly and Monopoly. 1. A monopoly occurs when one firm that produces a product or service controls the market with no close substitute. 2. In an oligopoly, a group of smaller firms—usually two or more—controls the market. Which of the above statements is/are NOT correct?
In the kinked demand model, the demand curve for the firm's products is drawn on the assumption that