The Table Given Below Shows the Price Charged by a Firm

question 44

Multiple Choice

The table given below shows the price charged by a firm and the marginal cost incurred by it for the different levels of the output. Table 10.2

-The firm described in Table 10.2:

• A)must be a monopoly firm.
• B)must be a perfectly competitive firm.
• C)cannot be a perfectly competitive firm.
• D)has no market power.
• E)cannot be a monopoly.

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Definitions:

Differential-compound

Refers to a type of compound wound DC generator or motor that combines both series and shunt windings to achieve specific electrical characteristics.

Cumulative-compound

Refers to a type of DC generator where both series and shunt field windings add their magnetic fluxes to produce the total output voltage.

Shunt Field

A coil wound with small wire and having many turns designed to be connected in parallel with the armature of a DC machine.

Series Field

A winding of large wire and few turns designed to be connected in series with the armature of a DC machine.