Question
In which of the following models, price is driven
down to marginal cost?Solution
Interesting fact about Bertrand model is that it’s the same outcome that would have occurred if they were in a perfectly competitive market because competition would have driven prices down to marginal cost. So, in a situation where competition is based on price and the good is relatively homogeneous, as few as two firms can drive the market to an efficient outcome.
The most suitable irrigation method for horticultural trees is ___
Which of the following is not a type of gymnosperm?
Sowing and harvesting months of Aus rice is:
Downy mildew or green ear disease of bajra is caused by
Agroforestry system where fruit trees & pasture are grown together
The Gond forest community belongs to which of the following state?
According to Champion and Seth (1967), which is NOT one of the 5 major groups of forests in India?
An aggregation of trees occupying a specific area that is sufficiently uniform in composition, age, arrangement, and condition, distinguishing it from a...
Practice involves cutting or heading back the main stem of a tree at a certain height from the ground level. This practice encourages the growth of new ...
ICAR- Central Agroforestry Research Institute is located at
