The Figure Given Below Shows the Demand [D and D']

question 11

Multiple Choice

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-What are the earnings of a resource with a perfectly elastic supply curve called?

• A)Transfer earnings
• B)Dividends
• C)Economic rent
• D)Capital gain
• E)Interest

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Definitions:

Oligopolistic Industry

A market structure characterized by a small number of firms whose decisions affect and are affected by each other, leading to strategic behavior and interdependence.

Optimal Strategy

The best course of action that maximizes benefits or minimizes costs under given circumstances, often used in decision-making and game theory.

Anticipate

To expect or predict something based on current trends or information.

Oligopoly

A market structure characterized by a small number of firms whose decisions about prices and output mutually influence one another.