10.

11,

12.

13.

14.

15.

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3 D 31884-A
Lerner Index is a measure of :
(^) Elasticity of demand. (B) Monopoly power.
(C) Inequality. (D) None.

Cross elasticity of demand under monopolistic competition is ?
(A) Zero. (B) Highly elastic.
(C) Highly inelastic. (D) Infinite.

Which of the following is an important form collusive oligopoly ?

(A) Bilateral monopoly. (B) Monopoly.

(C) Cartel. (D) Kinked Oligopoly.
The dual pricing system of charging high price during peak time and low price during off peak
time is called :

(A) Double pricing. (B) Dual pricing.

(C) Kinked pricing. (D) Peak load pricing.

The condition of short run equilibrium under monopolistic competition is:
(A) MC=MR. (8) AC=MR,
(C) AC=AR. (D) AR=MR.
The condition of short run equilibrium under perfect competition is :
(A) MC=MR. (B) AC=MR.
(C) AC=AR. (D) AR=Selling cost.
Cross elasticity of demand under Perfect competition is ?
(A) Zero. (B) Infinitely elastic.
(C) Highly elastic. (D) Highly inelastic.

Ifa firm sellsits output on amarket thatis characterized by many sellers and buyers, ahomogeneous
product, unlimited long-run resource mobility, and perfect knowledge, then the firm is a:

(A) Amonopolist. (8) An oligopolist.

(C) Aperfect competitor. (D) Amonopolistic competitor.

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