11. Match the following.
List-I
List-II
a. Increasing cost industry
1. Negatively sloped long run supply curve
b. Decreasing cost industry
2. Positively sloped long run supply curve
c. Constant cost industry
3. Horizontal long run supply curve
| List-I | List-II |
| a. Increasing cost industry | 1. Negatively sloped long run supply curve |
| b. Decreasing cost industry | 2. Positively sloped long run supply curve |
| c. Constant cost industry | 3. Horizontal long run supply curve |
12. The market share data for an industry, comprising five companies, is given below.
Company
Market Share (%)
A
35
B
25
C
18
D
12
E
10
This industry's three-firms Herfindahl-Hirschman index shall be
| Company | Market Share (%) |
| A | 35 |
| B | 25 |
| C | 18 |
| D | 12 |
| E | 10 |
13. "Production" may be defined as an act of
14. Risk neutrality implies a
15. Other things being equal, a decrease in the quantity supplied to the market at given prices leads to
16. Given:
The above curve is a:
The above curve is a:
17. In all forms of imperfect competition the average revenue curve facing the individual slopes
18. In perfect competition, there is a process of
19. "Steps downwards at first and then upwards". It is the movement of
20. A company supplies 20 units of a particular product per month, at a price of Rs. 10 per unit. If price elasticity of supply is 5, how many units would the company supply at a price of Rs. 15?
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