Class XII

Excess capacity is a prominent feature of equilibrium under?
  1. Monopoly
  2. gopoly
  3. Monopolistic competition
  4. Perfect competition
In the long run a monopolist can:
  1. Earn super normal profits
  2. Earn only normal profits
  3. Shut-down
  4. Incur losses
Product differentiation is done by
  1. Bribing
  2. Competition
  3. Contamination
  4. Different packaging
Tooth paste industry is an example of?
  1. Oligopoly
  2. Monopoly
  3. Perfect competition
  4. Monopolistic Competition
Marginal revenue for any quantity level can be measured by the slope of the total revenue curve
  1. True
  2. None of these
  3. Can’t say
  4. False
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