In which market both monopoly element and competitive element are present
Monopoly
Oligopoly
Monopolistic competition
Perfect competition
The practice of a monopolist charging different prices for the same commodity to different customers is called
Product differentiation
Price discrimination
The demand curve facing an oligopolist is
Determinate
Indeterminate
Definite
Indefinite
Which of the following conditions exist under both pure and perfect competition ?
Homogenous product
Single buyer or seller
Differentiated product
Large number of buyers and sellers
Expenses incurred in marketing goods are called
Fixed costs
Valuable costs
Selling costs
None of these
The demand curve of the monopolist is
A vertical straight line
Upward sloping straight line
Downward sloping straight line
Positive sloping
The demand curve facing an individual seller under pure and perfect competition is
A horizontal straight line
A downward sloping straight line
A upward sloping straight line
Who determine price of a commodity under perfect competition ?
Market forces
Firm
Buyer
Seller
Product differentiation is an important feature of
Discriminating monopoly
All the above
The demand curve of a firm under perfect competition is
Inelastic
Perfectly inelastic
Perfectly elastic
Elastic
