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300235

THIRD SEMESTER (CBCSS—UG) DEGREE EXAMINATION

NOVEMBER 2022

Economics

ECO 3B 04—MICRO ECONOMICS—II

(2019 Admissions onwards)

: Two Hours and a Half

Maximum : 80 Marks

Section A (Short Answer Questions)

Maximum marks in this section is 25.
Students can attempt all

Each question carries a maximum of 2 marks.

What is meant by barriers to entry and exit ?

Define information asymmetry.

What is dual demand curve of oligopoly ?

Whatis perfect competition ?
Define predatory dumping.

What is non-collusive oligopoly ?
What is meant by revenue tariff ?

Define lump sum tax.

Define an increasing cost industry.

What is shutdown point ?

What is meant by price control ?
Define Long run Average Cost.
Define a centralised cartel.
What is Monopsony ?

Define Marginal Resource Cost.

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