(A) Monopoly

(B)Perfect Competition

(C)Oligopoly

(D)Duopoly

(A) Perfect Competition

(B)Monopoly

(C) Duopoly

(D)Oligopoly

(A) Perfect Competition

(B)Pure Competition

(C)Imperfect Competition

(D)Monopoly

(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) Perfect Competition

(B) Imperfect Competition

(C)Short Period

(D)Very short Period

(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) There might be inefficiency in production

(B)There might be inefficiency in consumption

(C) It might be possible to make one person better off without making another person worse off

(D)There might be considerable inequality of income among the country's citizens

(A) The firm will sell its product at the going market price

(B)The demand curve faced by the firm is downward sloping

(C)The demand curve faced by the firm is horizontal even though the market demand curve is downward sloping

(D)The firm would sell nothing if it set a higher price than the market price

(A) Competition

(B)Time Period

(C)Legality

(D)Area