BA Marathi And English SEM V 2019 20 Oct 2019-20 ECONOMICS MICROECONOMICS III Question Paper - Mumbai University | munotes

Questions asked in this paper

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• 2) Figures to the right indicate full marks

1. Q1 Answer any Two of the following 20 marks
   • a) Define monopoly and explain the features monopoly
   • b) Explain short- run equilibrium of monopoly firm
   • c) Explain how monopoly can be controlled and regulated through Taxes
2. Q2 Answer any Two of the following 20 marks
   • a) Explain dilemma strategies in game theory
   • b) Discuss dominant strategy with the help of game theory
   • c) Explain the Battle of sexes game any Two of the following 20
   • a) Discuss the Bertrand model of duopoly
   • b) Explain the Paul Sweezy's Kinked demand curve model of oligopoly
   • c) Explain low cost leadership model
3. Q4 Answer any Two of the following 20 marks
   • a) What is General equilibrium? Explain general equilibrium in production and
   • b) Discuss the pareto optimality criterion of social welfare under perfect competition
   • c) Discuss the kaldor-Hickes Compensation criteria of social welfare
4. Q5 Write notes. (Any two) 20 marks
   • a) Degrees of price discrimination
   • b) Extensive games
   • c) Centralized cartel of collusive oligopoly (Battle Of Sexes Game)
5. Q21 FAT
   • q) games.)

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