Professional Documents
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Advanced Micro Markets Structure
Advanced Micro Markets Structure
ECONOMICS(Optional)
4. Show how a dominant firm with a competitive fringe can act a price
leader in an oligopoly market. (2018)
10. Explain kinked demand curve theory with the help of diagram. (2016)
12. What is a Lemon Market? What is the role of signaling and screening in
it? Explain. (2016)
15. Explain the backward sloping supply curve of labour a choice between
income and leisure.
18. Examine the relationship between own and cross price elasticities for a
compensated demand function. (2014)
(2013)
23. Let the market demand curve for carbonated water be given by
9Q
P 20 where P is the price and Q is the market output. Let there be
2
What is the market equilibrium price and quantity when each firm
behaves as a Cournot duopolist? What are the firms’ profits?
What is the market equilibrium price and quantity when each firm
behaves as a Bertrand duopolist? What are the firms’ profits? (2013)
26. Show how price output decision is taken by duopolists, taking into
account, their mutual reaction. Under what condition will the duopolistic
market be in equilibrium? (2012)
28. Is rent a surplus? Give reasons in support of your assertion and point
out the difference between ‘rent’ and ‘quasi-rent’. (2012)
32. A Supply curfe is not used to determine the equilibrium price and
quantity in a market under monopoly because
Bliss Point Studies 3 Ravindra N. Jha
Old Rajendra Nagar / Hudson Lane 9811343411 , 9811343938
(i) a supply curve derived by using relevant cost curves in a market
under monopoly may give more than one price for different
quantities and also more than one quantity for the some price’ and
33. State and explain the Law of Equi-marginal Utility and also state clearly
the limitations of this law. (2010)
34. What are the ways in which a perfectly competitive market may become
imperfect? Examine whether advertisement helps as imperfectly
competitive market become a perfectly competitive one. (2010)
1
Ci 10Qi Qi2 (i = 1, 2)
2
2
Q Qi Q1 Q 2
i 1
(a) Unable to recognize the potential for collusion, managers of the two
firms act as short-run perfect competitors. What are the
equilibrium values of Q1 , Q2 and P? What are each firm’s profits?
(d) If the managers of two firms collude, what are the equilibrium
values of Q1 , Q2 and P? What are each firm’s profits? (2009)
36. “ A dominant firm acts as a price leader and other firms adjust their
outputs accordingly.” Comment. (2009)
(2008)
38. What are backward-rising input supply curves? Illustrate with the help of
suitable examples. (2007)
39. With the help of suitable diagrams, elaborate Cournot model. What is the
significance of reaction curves in the model? (2007)
41. Oligopoly firms often have a strong desire for stability, particularly with
respect of prices’. Illustrate the statement with the help of examples
generally found in the market. (2003)
43. ‘A monopolist can either decide the output of his product or the price of
the product but not both.’ Explain and illustrate. (2002)
44. Explain oligopoly. Does the Sweezy’s kinked demand curve solution offer
a satisfactory explanation of price-output decisions under oligopoly?
(2001)
45. What are the competitive and what are the monopolistic elements in
monopolistic competition? Explain fully. (2000)
46. Illustrate Kinky demand curve and bring out its implication for pricing
under conditions of oligopoly. (1999)
48. What is pure competition? How does it differ from perfect competition?
(1997)
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