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Economics
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Question-1
The shape of demand curve under perfect competitor would be ________________
(A)
Downward sloping
(B)
Upward sloping
(C)
Perfect elastic
(D)
Perfectly inelastic
Question-2
Monopolistic competitor sells the products by incurring __________________
(A)
Selling cost
(B)
Selling differentiated goods
(C)
Seasonal offer
(D)
All of these
Question-3
Larger is the number of sellers ________________ would be the power of the firm to influence the price
(A)
Smaller
(B)
Larger
(C)
Constant
(D)
None of these
Question-4
The market is characterized by few sellers is known as ________________
(A)
Monopoly
(B)
Oligopoly
(C)
Perfect competition
(D)
Monopolistic competition
Question-5
The price set by monopolistic firms is _______________
(A)
Administered price
(B)
Fixed price
(C)
Shadow price
(D)
None of these
Question-6
Pure competition is characterized by __________________
(A)
Large number of buyers and sellers
(B)
Homogenous product
(C)
Free entry and exit
(D)
All of these
Question-7
________________ is the extreme opposite of perfect competition.
(A)
Oligopoly
(B)
Monopoly
(C)
Monopolistic competition
(D)
Duopoly
Question-8
The shape of demand curve under imperfect competition would be __________________
(A)
Downward sloping
(B)
Upward sloping
(C)
Horizontal
(D)
Vertical
Question-9
There is no scope for selling cost under ________________
(A)
Perfect competition
(B)
Monopoly
(C)
a and b
(D)
Oligopoly
Question-10
Under monopoly, the number of buyers would be ____________________
(A)
Smaller
(B)
Very small
(C)
Large
(D)
None of these
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Plus 2 Humanities
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Cost and Revenue Analysis
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EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
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The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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