Indian Economy GK Questions and Answers 2020-2021 - 1
Government will have sole right of producing and selling some goods, they are called ___ monopoly.
The supply curve in the long run is
(C) Perfectly elastic
(D) Perfectly inelastic
____ market assumes absence of transport cost.
(B) Monopolistic competitive
(C) Perfectly competitive
When demand and supply conditions are influenced at the international level, such market is called
In ____ period, supply fully meets the new demand conditions.
(C) Very long
(D) Very short
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