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English
Economics
History & Civics
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Question-1
When there is only one seller, the market is known as ________________
(A)
Monopolistic competition
(B)
Oligopoly
(C)
Monopoly
(D)
Perfect competition
Question-2
Monopoly products _______________ close substitutes.
(A)
Have substitutes
(B)
Do not have sunstitutes
(C)
Are complementary
(D)
None of these
Question-3
There is no difference between firms and industry under __________________
(A)
Monopolistic
(B)
Monopoly
(C)
Oligopoly
(D)
Perfect competition
Question-4
Lesser is the power of a producer is to influence the market price ________________ would be the nature of the market.
(A)
Highly competitive
(B)
Moderate competitive
(C)
Less competitive
(D)
None of these
Question-5
The market is characterized by few sellers is known as ________________
(A)
Monopoly
(B)
Oligopoly
(C)
Perfect competition
(D)
Monopolistic competition
Question-6
________________ curve is more elastic.
(A)
Perfect competition
(B)
Monopoly
(C)
Monopolistic
(D)
All of these
Question-7
The intensity of competition in oligopoly is __________________
(A)
Low
(B)
Very low
(C)
Very high
(D)
No competition
Question-8
The power of a seller to influence the market depends on ________________
(A)
Total supply
(B)
Total demand
(C)
Total consumption
(D)
All of these
Question-9
Perfect competition is characterized by ___________________
(A)
Large number of firms
(B)
Homogenous product
(C)
Individual firm can't influences price
(D)
All of these
Question-10
In _________________ markets there are only one buyers
(A)
Monopolistic competition
(B)
Perfect competition
(C)
Monopsony
(D)
Oligopoly
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- GOVERNMENT BUDGET
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