The cost incurred to alter the position or slope of demand curve is known as

Related MCQs

• If the Average Total Cost curve of a firm in monopolistic competition happens to be above the demand curve, it means:
• If the market demand curve for a commodity has a negative slope then the market structure must be
• 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
• Monopolist will not produce that portion of demand curve where the elasticity of demand
• Under monopoly the slope of AR curve is:
• A firm under perfect competitions shall be in equilibrium when marginal cost will be equal to marginal revenue and marginal cost curve is still
• A monopolist produces 14,000 units of output and charges Rs.14 per unit. Its marginal revenue is Rs.8, its marginal cost is Rs.7 and rising, its average total cost is Rs.10, and its average variable cost is Rs.9. The monopolist should
• If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price is equal to average total cost, then the firm
• The imposition of a maximum price at the point where the monopolist’s SMC curve intersects the D curve causes the monopolist to
• If the demand curve facing a firm is perfectly elastic, then: