In Imperfectly Competitive Markets

question 372

Multiple Choice

In imperfectly competitive markets

• A) there is no competition in the markets.
• B) some competition may exist in the markets.
• C) some competition may exist but only on price and not in other ways.
• D) some competition may exist but only in other ways and not on price.

---

Definitions:

Price Of Capital

The cost of using capital funds, often reflected in the interest rate or return required by investors for investing capital or funds.

Isocost

A line on a graph that represents all the combinations of inputs which cost the same amount.

Slope

In mathematics, the measure of the steepness or incline of a line, often calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Isocost

A line representing all combinations of inputs that have the same total cost.