When the D curve is elastic, MR is

Related MCQs

• 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
• If the demand curve facing a firm is perfectly elastic, then:
• Demand curve is perfectly elastic under:
• Demand curve is elastic under:
• Demand curve of a firm is perfectly elastic under:
• The demand curve faced by the a monopolistically competitive firm is very elastic if the degree of product differentiation is
• When demand curve is elastic, MR is
• If the Average Total Cost curve of a firm in monopolistic competition happens to be above the demand curve, it means:
• The imposition of a maximum price at the point where the monopolist’s SMC curve intersects the D curve causes the monopolist to
• 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