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Question-1
The price set by monopolistic firms is _______________
(A)
Administered price
(B)
Fixed price
(C)
Shadow price
(D)
None of these
Question-2
Monopoly products _________________
(A)
Have substitutes
(B)
Have no sunstitutes
(C)
Are complementary
(D)
None of these
Question-3
The most un realistic models of market are ___________________
(A)
Monopoly
(B)
Oligopoly
(C)
Perfect copetition
(D)
Monopolistic competition
Question-4
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-5
In ________________ markets there are only few sellers.
(A)
Monopolistic competition
(B)
Perfect competition
(C)
a and b
(D)
Oligopoly
Question-6
When there is only one seller, the market is known as ________________
(A)
Monopolistic competition
(B)
Oligopoly
(C)
Monopoly
(D)
Perfect competition
Question-7
The closed entry under monopoly could be due to __________________
(A)
Natural
(B)
Legal
(C)
man made
(D)
None of these
Question-8
Under monopoly, the number of buyers would be ____________________
(A)
Smaller
(B)
Very small
(C)
Large
(D)
None of these
Question-9
Under perfect competition, a firm produces __________________ proportion of the total production.
(A)
Smaller
(B)
Larger
(C)
major chunk
(D)
None of these
Question-10
Free entry and exist are the main features of _______________ markets.
(A)
Monopolistic competition
(B)
Perfect competition
(C)
a and b
(D)
Oligopoly
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Plus 2 Humanities
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Practice in Related Chapters
Micro Economic Theory
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Elasticity of Demand
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
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
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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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