Forms of Market and Price Determination - Online Test
Q1. Supernormal profit occur, when?
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. MR curve=AR=Demand curve is a feature of which kind of market?
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. If under perfect competition, the price lies below the average cost curve, the firm would?
Answer : Option D
Explaination / Solution:
No Explaination.
