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Economics
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Question-1
If existing firms earns super normal profits under monopolistic competition, it would _______________
(A)
Not attract firms
(B)
Attract firms
(C)
Number of firms remain same
(D)
None of these
Question-2
A monopolist in the long run can ______________
(A)
Earn normal profit
(B)
Can earn super normal profit
(C)
Make losses
(D)
a or b
Question-3
A competitive firms its full capacity because of it being operates at the _________________
(A)
At the minimum point of LAC
(B)
At the maximum point of LAC
(C)
No where at LAC
(D)
None of these
Question-4
Under monopoly, price would be greater than ________________
(A)
MR
(B)
MC
(C)
AR
(D)
None of these
Question-5
Under equilibrium situation, there would be a ____________________.
(A)
Tendency to change price
(B)
Tendency to change quantity supplied
(C)
No tendency to change either price or quantity
(D)
All of these
Question-6
Under monopolistic competition, it is possible that the firms attains _______________
(A)
Only normal profit
(B)
Only losses
(C)
Only super normal profits
(D)
All of these
Question-7
A monopolistic firm in the long run cans ________________
(A)
Earn normal profit
(B)
Can earn super normal profit
(C)
Make losses
(D)
a or b
Question-8
Under perfect competition, the AR and MR curve coincide and are ________________
(A)
Vertical
(B)
Horizontal
(C)
Curvilinear
(D)
Parabola
Question-9
The firms in the long run under perfect competition would _________________
(A)
Not earn abnormal protifs
(B)
No loss making
(C)
a and b
(D)
None of these
Question-10
The shape of the LAC of a monopolist would be _______________
(A)
U shaped
(B)
L shaped
(C)
K shaped
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
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Cost and Revenue Analysis
FORMS OF MARKET
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
National Income Aggregates
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Fiscal Policy and Deficit Financing
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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