1) What is the equilibrium market price ? Price (Rs.) : 1 , Demand (tonnes per annum) ; 1,000 , Supply (tonnes per annum) : 400 ; Price (Rs.) : 2 , Demand (tonnes per annum) ; 900 , Supply (tonnes per annum) : 500 ; Price (Rs.) :3 , Demand (tonnes per annum) ; 800 , Supply (tonnes per annum) : 6000 ; Price (Rs.) : 4 , Demand (tonnes per annum) ; 700 , Supply (tonnes per annum) : 700 ; Price (Rs.) : 5 , Demand (tonnes per annum) ; 600 , Supply (tonnes per annum) : 800 ; Price (Rs.) : 6, Demand (tonnes per annum) ; 500 , Supply (tonnes per annum) : 900 ; Price (Rs.) : 7 , Demand (tonnes per annum) ; 400 , Supply (tonnes per annum) : 1,000 ; Price (Rs.) : 8 , Demand (tonnes per annum) ; 900 , Supply (tonnes per annum) : 1,100 ;
82) If the firms is in the industry have the following market shares, which market structure would best describe the industry ? Market share : Toothpaste :-18.7% , Dentipaste ;-14.3% , Shinibright;-11.6% , I can't believe its not toothpaste ;-9.4% , Brighter than white ;-8.8% ,Pasty stuff ;-7.4% ,Others ;-29.8% ,