(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) Monopoly

(B)Perfect Competition

(C)Oligopoly

(D)Duopoly

(A) Different

(B)Uniform

(C)Very high

(D)Very low

(A) Perfect Competition

(B) Imperfect Competition

(C)Short Period

(D)Very short Period

(A) Perfect Competition

(B)Pure Competition

(C)Imperfect Competition

(D)Monopoly

(A) If the industry has constant costs

(B) If the industry has decreasing costs

(C)If the industry has increasing costs

(D)Never

(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) It means that a market economy will fail to secure economic efficiency

(B)It means that a market economy will fail to secure Pareto - efficiency

(C)It means that a market economy will fail to secure productive efficiency

(D)It means that a market economy will fail to secure technical efficiency

(A) It faces a downward sloping demand curve

(B) It demand curve , and those for its competitor, may all be in different positions

(C) Its will produces at the output where it MR and SMC curves intersect, provided it would make either a profit or a loss that was less than its total fixed cost

(D)It supply curve is part of its marginal cost curve