Bonus Question What is the rice elasticit of the firm's supplxyyrve'?
d revenue Of Rs.15
Explain the meaning of "increase in supply" and ' 'increase in quantity
su lied" with the hel ofa schedule.
Define mono 01 . Ex Iain an three causes of emer ence of mono I
Distinguish between monopoly and monopolistic competition on any four
basis.
(210
QI
B ONU
4
4
6
istinguish between collusive and non collusive oligopoly. Why fimsunder 6
oli 0 01 are involved in non rice com etition.
The following headline appeared in the Times of India, on 28thDecember,
3
2014:
' 'Purchase only made in India gadgets."
Use economic theory to analyse the impact of the statement in terms of
competition in the dcmestic market.
