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51.

Match the characteristics with their market structure:(a) MC = Price(b) Firm will tend to set output so that it earns maximum profits.1). (a) Pure Competition, (b) Pure Monopoly2). (a) Pure Monopoly, (b) Monopolistic Competition3). (a)Oligopoly,(b)MonopolisticCompetition4). (a)PureCompetition,(b)Oligopoly

Answer»

(a) Pure Competition, (B) Pure MONOPOLY : SEEMS CORRECT
Discussion
52.

Which of the following is not an assumption of perfect competition?1). There are many buyers and sellers2). Average total costs continually decrease.3). The good sold by all sellers in the market is assumed to be homogeneous.4). Buyers and sellers in the market are assumed to have perfect information.

Answer»

is OPTION 2 is the CORRECT ANSWER?? am i RIGHT?
Discussion