A seller cannot influence the market price under

Related MCQs

• Under perfectly competitive market an individual seller is a
• Assertion (A) Many oligopolistic industries exhibit an appreciable degree of Price rigidity or stability Reason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is
• A market with only one buyer and one seller is called
• If a firm sells its output on a market that is characterized by a single seller and many buyers of a homogeneous product for which there are no close substitutes and barriers to long-run resource mobility, then the firm is
• The market in which there is a single seller is called
• The market demand curve for a perfectly competitive industry is QD = 12 - 2P. The market supply curve is QS = 3 + P. The market will be in equilibrium if
• Under perfect market conditions the individual firm in the industry has control over the price of the product.
• Under perfect market conditions the individual firm in the industry has ------------------- control over the price of the product.
• The dual pricing system of charging high price during peak time and low price during of peak time is called