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2458. The AR curve and industry demand curve are same in case of

Monopoly
Oligopoly
Perfect competition
None of the above
✅ The correct answer is A.
The AR curve and industry demand curve are same in case of Monopoly. In a monopoly, the price is set above marginal cost and the firm earns a positive economic profit. Perfect competition produces an equilibrium in which the price and quantity of a good is economically efficient.

2464. In a perfectly competitive market

Firm is the price giver and industry the price taker
Firm is the price taker and industry the price giver
Both are price takers
None of the above
✅ The correct answer is B.
In a perfectly competitive market firm is the price taker and industry the price giver. A perfectly competitive firm would be characterized as a “price taker” due to its inability to influence market price. In a perfectly competitive market, the price of the products are fixed since each firm is producing just enough to stay in business.

2465. What is a detailed process for recovering information or an IT system in the event of a catastrophic disaster such as a fire or flood?

Disaster recovery plan
Hot site
Cold site
Disaster recovery cost curve
✅ The correct answer is A.
Disaster recovery plan is a detailed process for recovering information or an IT system in the event of a catastrophic disaster such as a fire or flood. A disaster recovery plan (DRP) is a documented, structured approach with instructions for responding to unplanned incidents.
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