Given the supply of a commodity, in the market period, the price of a commodity is determined by

Related MCQs

• Given the supply of a commodity in the market period, the price of the commodity is determined by
• The price of a commodity under the perfect competition is determined by:
• In the market period, market supply curve is
• 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
• Individual firm has no control on the price of the commodity in the market is a condition of
• Individual firm has no control on the price of the commodity in the market is a condition of
• If the market demand curve for a commodity has a negative slope then the market structure must be
• 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
• Price is constant or "given" to the individual firm selling in a purely competitive market because: