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.
As per the Reserve Bank of India (RBI) data, the bank credit growth stood at ____ %, meanwhile deposits grew by 9.2%.
Which of the following is not a member country of SAARC?
Sony Group Corp. has agreed to merge its India unit with which company to create the country’s largest broadcaster?
Mohiniyattam belongs to which of the following states?
Which one of the following statements best describes the term 'Prowessdx sometimes seen in news?
Match the wildlife sanctuaries in column A with their corresponding states in column B.
The colour of solid iodine is -
The Indian classical dance form that belongs to the famous Lucknow Gharana is:
Which tournament is the world’s oldest and most prestigious badminton championship?
As per the RBI’s Consumer Confidence Index Survey the percent decrease or increase in the index fro 2021 was?
