Q."A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.
Q. In any firm of your choice, try to find the effect of change in demand and change in supply on price and quantity of product.
Q.What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic?