Equilibrium condition of a firm is ___________

(a)

MC = MR

(b)

MC > MR

(c)

MC < MR

(d)

MR = Price

Which of the following is a feature of monopolistic competition?

(a)

One seller

(b)

Few sellers

(c)

Product differentiation

(d)

No entry

In monopoly, MR curve lies below ____________

(a)

TR

(b)

MC

(c)

AR

(d)

AC

Very long period market is also called as ____________

(a)

Market Period

(b)

Short Period

(c)

Long Period

(d)

Secular Period

Imperfect competition market which comprises _________

(a)

Monopoly market

(b)

Monopolistic competition market

(c)

Duopoly market

(d)

All of these

Define Market.

Point out the essential features of pure competition.

Define "Excess capacity".

What is 'Bilateral Monopoly'?

What is the meaning of monopoly?

What are the features of a market?

Describe the degrees of price discrimination.

State the features of the duopoly.

What are the conditions of price discrimination?

Bring out the features of Monopoly?

Illustrate price and output determination under Monopoly.

Explain how price and output are determined under monopolistic competition with help of a diagram.

Explain the types of monopoly?

Explain how markets are classified on the basis of Time.