Question
A Lerner Index of 0 indicates which of the following
market conditions?Solution
A Lerner Index of 0 indicates perfect competition, where the price equals marginal cost, and firms have no market power to mark up prices above its cost. Formula of Learner index is à L= ((P-MC)/P) = 1/e, where e is the price elasticity of demand.
The AMRUT Mission emphasizes the adoption of which of the following approaches for urban development?
Recently which of the following stock exchange has received approval from the Securities Exchange Board of India (SEBI) to set up a social stock exchang...
19th BIMSTEC Ministerial Meeting chaired on 9th March by which country?
Recently which regulatory body has issued a framework for dealing with suspension, cancellation, or surrendering of the license of credit rating agencies?
Armenia became India's largest importer of which defense system in 2024?
In the Positive Pay System, confirmation is mandatory for cheques issued for Rs. ______ & above.
The 2024 Francophonie Summit emphasized the importance of which emerging technology in fostering global cooperation?
Where was the 17th edition of the India-Germany Military Cooperation Sub-Group (MCSG) meeting held in 2024?
Recently which of the following organization has acquired a 5.6 per cent stake in the Union government's Open Network for Digital Commerce (ONDC) for Rs...
______ has launched its current account - BizKhata, which comes with unlimited transactions and instant activation for small merchants and business par...
