1) Under perfect competition: Which of the following equilibrium is/are true?

2) .Which of the following statements is correct?

1. A profit maximising monopolist in different markets will adjust his sales in the two markets so that his MR in each market just equals his MC.
2. A profit maximising monopolist in separate markets will not adjust his sales
3. A profit maximising monopolist in separate markets will adjust his sales in the two markets so that his MR in each market will greater than MC.
4. A profit maximising monopolist in separate markets will adjust his sales in sales in each markets so that his MR is less than MC.
5. All of these

3) The below diagram represents

4) P/MC is the same for all product at equilibrium level,then the level of output may be known as________

5) Which one of the following statements is not correct?

1. In prefect competition there is a large number of independent sellers each to small to effect tge commodity price
2. In prefect competition the product of all firms the homogenous or identical
3. In prefect competition the firm can easily enter or leave the industry.
4. In prefect competition the product off all firms are different

6)  ‘Each duopolists assumes that other keep thier prices constant’ this correct in the case of______

7) Equilibrium cindition of a profit maximising firm is________

1. Supply equals to demand
2. MR equal to AC
3. MR equal to MC
4. LMR equal LAC

8) The below given diagram represents

9) How producers would respond to different price if they had time to make appropriate adjustment in their ‘capital stock’ can be explained with the help of?

10) Which off the following statements is not correct?

1. Prices ration goods among different uses and users
2. Prices tend to force production in to law cost operations, specially in competitive industry.
3. Prices reflect in competitive industries 
4. Prices reflect in competitive industries