University of Calicut Previous Years Question Paper & Answer

University : University of Calicut
Course : B.A

Semester : SEMESTER 3

Subject : Microeconomics II

Year : 2020

Term : NOVEMBER

Scheme : 2020 Full Time

Course Code : ECO 3B 04

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What are the four major forms of market ?

Analyze the short run equilibrium of a firm in a perfectly competitive market.
Suppose the demand function of a monopolist is Q = 360 — 20P and Total Cost function 1s

TC = 6Q + 0.05 Q®. Find out how much he will produce and what price he will charge :
Distinguish between collusive and non-collusive oligopoly.
What are the important sources of monopoly power ?

Critically examine the Cournot mode] of oligopoly.
(5 x 6 = 30 marks)

Section C (Long Essays)

Answer any two questions.
Each question carries 10 marks.

Analyse the short run and long run equilibrium of a firm in a market of monopolistic competition.

Make a survey on the basic features various market systems
Analyse the input pricing and employment if there is perfect competition in the input market and
monopoly in employment market.

Analyse the short run and long run equilibrium of a monopolist.
(2 x 10 = 20 marks)

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