Selling more than one product at a single price

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
• Price is constant or "given" to the individual firm selling in a purely competitive market because:
• The market structure which has large number of sellers selling differentiated product is called
• The marker structure which have large number of sellers selling differentiated product is called
• The dual pricing system of charging high price during peak time and low price during of peak time is called
• 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
• The dual pricing system of charging high price during peak time and low price during of peak time is called
• _______ is situation in which a single company or group owns all or nearly all of the market for a given type of product or service.
• 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 pure monopolist who is nondiscriminating must decrease price on all units of a product sold in order to sell additional units. This explains why: