The importance of time element in price determination was firstly analyzed by

Related MCQs

• The dual pricing system of charging high price during peak time and low price during of peak time is called
• The dual pricing system of charging high price during peak time and low price during of peak time is called
• 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
• Selling cost assumes paramount importance in
• Which of the following is not an element of high Powered money?
• Price is constant or "given" to the individual firm selling in a purely competitive market because:
• When a purely competitive firm is in long-run equilibrium, price is equal to:
• 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:
• The economic incentive for price discrimination depends on: