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Q. In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm.

Q. When excess demand occurs in an unregulated market, there is a tendency for:

Q. __________ cost remains constant even if production is stopped.

Q. _________ goods are known as scarce goods.

Q. Cartel is one form of

Q. The AR curve and industry demand curve are identical

Q. Quantity Theory of Money was explained by ___________

Q. On the basis of functions, financial markets are classified into _________ types.

Q. As output increases, AFC of a firm

Q. Income minus Savings is equal to ___________