Question
Under perfect competition, the firm's demand curve is
typically perfectly elastic. However, under certain conditions, it may become negatively sloped. What is the most plausible reason for this change?Solution
Under perfect competition, a firm's demand curve is perfectly elastic. However, if the market structure shifts towards monopolistic competition, the firm's demand curve may become negatively sloped. This is because in monopolistic competition, firms differentiate their products, giving them some market power and allowing them to face a downward-sloping demand curve.
Which two signs should be interchanged to make the given equation correct?
39 ÷ 3 − 11 + 45 × 17 = 171Â
If a mirror is placed on the line MN, then which of the answer figures is the mirror image of the given figure?
How many triangles are there in the given figure?
In a certain code language, '893' means 'Shahid likes cakes', '137' means 'cakes are delicious', and '274' means 'we are girls'.
Which of the fol...
Find the next number in the series.
525, 373, 251, 159, 97, ?Â
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performed ...
What should come in place of the question mark (?) in the given series?
22, 24, 28, 30, 34, ?
In the following question below are given some statements followed by some conclusions based on those statements.
Taking the given statements to ...
In the given letter – cluster pairs, the first letter – cluster is related to the second letter – cluster following a certain logic. Study the giv...
How many such numbers are there in the following string each of which is NOT followed by a symbol?
6 K 5 % L T 8 B 4 G 9 # E Q 7 G 5 $ 9 % U P 3 ...
