Test Preparation on UGC-NET Paper-III English (IX) Set-9

Which among the following is/are true for a Cartel ?
I. It aims at maximising of individual firm’s profit.
II. It decides the total output in the industry to which Cartel represents .
III. It does not fix the price at which members sell their output.Answer from the code below :

Why does demand curve have a negative slope ?
I. Due to income effect only II. Due to substitution effect
Answer from the code below :

In the entry prevention model of Bain, firms charge premium over

Which among the following is not well matched ?
Goods Nature
(1) Fishing in the large lake – Non-exclusive but rival
(2) Air – Non-exclusive and non-rival
(3) Use of a light house – Rival
(4) Stock of washing machines – Exclusive

The slope of the production possibility curve is the

The gain in profit income from an increase in immigration according to this diagram is :

The demand for rare paintings, and rare stamps etc. is explained by which among the following effect ?

A market is said to be economically efficient if it maximises