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3 ‏ف‎ C 5656
Part B (Very Short Answer Type Questions)
Answer any ten questions.
What is meant by peak load pricing ?
What do you mean by Monospony ?
Why do the long run average cost curve is L-shaped ?
What is producers’ surplus ?
What is meant by degree of monopoly power ?
Distinguish between traditional and modern SAVC curves.
What is sunk cost ?
Write a note on Kinked Demand Curve ?
What is derived demand ?
What is mark-up pricing ?
What is meant by cartels ?
What do you mean by Economic rent of an input ?
(10 x 2 = 20 marks)
Part C (Short Essay Questions)
Answer any six questions.
Explain the economies and dis-economies of scale.
Briefly explain the marginal productivity theory of wage determination.
Explain the degrees of price discrimination by monopoly.
Explain the characteristics of Oligopoly market.
Explain the conditions of equilibrium in a perfect competitive factor market.
Discuss the measures to prevent the rising of monopoly power in a market.
Explain the price leadership model of Oligopoly.
Explain the effects of Advertising in the monopolistic competition.
(6 x 5 = 30 marks)

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