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141.

A decrease in the quantity supplied to the market at given prices leads to

A.	A higher price and a contraction of demand	B.	A lower price and an expansion of demand
C.	A higher price and an expansion of demand	D.	A lower price and a contraction of demand
E.	None of the above

142.

Customers are likely to get a variety of goods under

143.

An increase in demand that leads to an increase in wealth

A.	Will induce new firms to begin production	B.	Will induce existing firms to produce close substitutes
C.	Will induce both new and existing firms to bid resources away from other uses	D.	Will increase the value and hence the cost of resources used in producing that good
E.	All of the above

144.

Common bases for monopoly include all of the following but

A.	Control over a key patent	B.	Extensive diseconomies of scale in production
C.	Control over a strategic raw material	D.	Extensive economies of scale in production
E.	Control over channels of distribution

145.

In India, telephone service comes under which market form

146.

Which market describes a monopoly

147.

A monopolistic firm's average revenue is always

A.	Rising	B.	Falling
C.	Constant	D.	Dometimes rising sometimes falling
E.	Depends on several variables

148.

A monopolist makes maximum profits when

A.	Prices are high	B.	Production is maximum
C.	Marginal cost is equal to marginal revenue	D.	Sales are high
E.	Buyers buy less

149.

A fall in demand for the product of a monopolised industry when predicted with lead to

A.	A fall in price	B.	A decrease in number of firms in the long run
C.	A decrease in the output of each firms	D.	All of the above
E.	None of the above

150.

Which of the following is not usually included in list of probable economies of large scale production?