A. Improving roads networks B. provision of adequate storage facilities C. instituting price control D. formation of producers' co-operative societies…
A. privatising the existing business owned by the state B. commercializing state-owned businesses C. reducing foreign economic domination D. making…
A. a memorandum of understanding B. the article of partnership C. an article of association D. a partnership constitution Correct…
A. perfect competition B. commodity market C. monopolistic competition D. monopoly market Correct Answer: Option A A. perfect competition Explanation…
A. AVC=ATC B. AVC C. AVC>price D. AVC=MC Correct Answer: Option C C. AVC>price Explanation A firm will choose to…
A. greater than marginal B. equal to marginal C. less than average revenue D. equal to average Correct Answer: Option…
A. only the variable factors can be altered B. all factors become variable C. the firm will cease to exist…
A. provide more employment opportunities B. leads to increased output and lower cost of production C. brings about equal cost…
A. excess demand B. excess supply C. parallel market D. hoarding of goods Correct Answer: Option B B. excess supply…
A. a moment along the curve B. a leftward shift C. no shift of the supply curve D. a shift…