MEDIUM
CA Foundation
IMPORTANT
Earn 100

Kinked demand curve is observed in _____.
(a)Duopoly market
(b)Monopoly market
(c)Competitive market
(d)Oligopoly market

50% studentsanswered this correctly

Important Questions on Meaning and Types of Markets
EASY
CA Foundation
IMPORTANT
In Economics, the term 'market' refers to a:

EASY
CA Foundation
IMPORTANT
Market consists of _____

EASY
CA Foundation
IMPORTANT
_____ conceived the "Time" element in markets and on the basis of this markets are classified into very short period, Short-Period, Long Period & Very Long period.

EASY
CA Foundation
IMPORTANT
On the basis of nature of transactions, a market may be classified into:

EASY
CA Foundation
IMPORTANT
Secular period is also known as

EASY
CA Foundation
IMPORTANT
In Oligopoly the kink in the demand curve is more due to _____.

EASY
CA Foundation
IMPORTANT
Kinked demand curve is

MEDIUM
CA Foundation
IMPORTANT
The Price Elasticity of demand of a firm in Pure Competition is :
