AP (Advanced Placement) Microeconomics: Questions 34 - 37 of 398

Access detailed explanations (illustrated with images and videos) to 398 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 250.00 -OR-

How to register? Already Subscribed?

Question 34

Appeared in Year: 2014 (NET)

Question

MCQ▾

The oligopoly model in which the businessman assumes that his competitors output are fixed and simultaneously decide how much to produce is (June)

Choices

Choice (5)Response

a.

Bertrand oligopoly model

b.

Cournot oligopoly model

c.

Stackelberg oligopoly model

d.

Chamberlin՚s oligopoly model

e.

None of the above

Question 35

Appeared in Year: 2013 (NET)

Question

MCQ▾

‘Vent for surplus approach’ is applicable to (December)

Choices

Choice (5)Response

a.

Oil exporting countries

b.

Rich countries

c.

Underdeveloped countries

d.

None of the above

e.

All of the above

Question 36

Appeared in Year: 2014 (NET)

Question

MCQ▾

Which of the following methods would be used for estimation of price change of a house due to either pollution or good environment like existence of park and scenic beauty? (June)

Choices

Choice (5)Response

a.

Contingent Valuation Method

b.

Externality Effects

c.

Hedonic Method

d.

All of the above

e.

None of the above

Question 37

Appeared in Year: 2013 (NET)

Question

MCQ▾

If the monopolist incurs loss in the short run, then in the long run

i. He will go out of business

ii. He will stay in business

iii. He will break even

iv. Any of the above is possible (December)

Choices

Choice (5)Response

a.

i only

b.

i and iii

c.

i and ii

d.

ii only

e.

Question does not provide sufficient data or is vague

Developed by: