(A) High

(B)Low

(C)Normal

(D)Constant

(A)

A situation where each player adopts their dominant strategy

(B)

A situation where each player adopts the best strategy for them , given the strategy adopted by the other

(C)

A situation where the combined pay offs of the players is the maximum possible

(D)

The outcome that will arise in a game

(A)

Short Period

(B)

Long Period

(C)

Very long Period

(D)

International

(A) The market supply curve represents the individual supply curves of all firms which produce the product added together

(B)The market supply curve may shift if there is a change in the behaviour of some firms which produce the product

(C)The market supply curve may shift if there is change in the price of the product

(D)The market supply curve may shift if there is a change in the number of firms which supply the product

(A) If the industry has constant costs

(B)If the industry has decreasing costs

(C)If the industry has increasing costs

(D)Never

(A) They include monopolistic competitors and monopolists

(B)They can always raise their prices and still retain some customers

(C)They may set different prices in the short run and in the long run

(D)We do not analyse them using diagrams with supply and demand curve

(A) Monoploy

(B)Perfect Competition

(C)Oligopoly

(D)Duopoly

(A) Competition

(B)Time Period

(C)Legality

(D)Area

(A) Perfect Competition

(B)Monopoly

(C)Duopoly

(D)Oligopoly

(A)

Perfect Competition

(B)

Pure Competition

(C)

Imperfect Competition

(D)

Monopoly