1) Against fixed factors the firm faced some costs. These costs are called as _________

2) The MC curve's behavior can be find out by examining the behavior of _________

3) A firm generally uses _________ according to modern theory of costs

4) On what idea the model cost curves deals with?

5) The competition is called as ______ if many firms are producing differentiated and similar products

Answer: Monopolistic competition.

6) In _______consumers will get similar and differentiated goods

7) Prices are determined firstly by _______ in a competitive market

8) The profit can be maximized by a monopolist when ________

9) Costless production assumption is __________ based on the opinion of critics

10) The firms are following ________ in a monopolistic competition

11) Name the two economists who put forward game theory?

12) In which year A.W Tucker presented The Prisoner's dilemma?

13) A country's imports give income for ___________

9) Who put forward "The concept of multiplier"?

10) Who introduced 'The regressive expectations' model?