B.Com. (Hons) II Year
Paper X – 2010
MICROECONOMIC THEORY AND APPLICATIONS – II
(New Course: Admissions of 2004 and onwards)
Time: 3 hours Maximum marks: 75
Note
— e maximum marks printed on the Question Paper are applicable for the candidates registered
with the School of Open Learning for B.Com. (Hons). ese marks will, however, be scaled down
proportionately in respect of the students of regular colleges, at the time of posting of awards for
compilation of result.
Attempt all questions. e marks carried by each part of every question
are indicated against the same.
Q. 1. (a) How do you measure the degree of monopoly power? What is the Rule of umb for pricing?
Explain Lerner’s measure of monopoly power. 7½
Or
Why is there no supply curve under ...