Question
In which of the following models, price  is driven
down to marginal cost?Solution
Interesting fact about Bertrand model is that it’s the same outcome that would have occurred if they were in a perfectly competitive market because competition would have driven prices down to marginal cost. So, in a situation where competition is based on price and the good is relatively homogeneous, as few as two firms can drive the market to an efficient outcome.
The Irrigation Commission in India made recommendations in
___ herbicide is weak in developing weed resistant population
Cuscuta sp. is a
Which crop has the highest irrigated area in India after rice and wheat?
Which Indian state produces large quantity of pulses?Â
Government of India announce MSP on the recommendation of
_________technology could be used to connect a computer to a cell phone or headphone without any wires or special connectors.
What is the liquid used in cryopreservation techniques?
Which holds good at Break Even Point ?
Tensiometer was first Used for scheduling irrigation by
