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English
Economics
History & Civics
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Question-1
The most un realistic models of market are ___________________
(A)
Monopoly
(B)
Oligopoly
(C)
Perfect copetition
(D)
Monopolistic competition
Question-2
If the existing firms makes losses ________________
(A)
Attract new firms
(B)
Number of firms remains same
(C)
Firms leave the industry
(D)
None of these
Question-3
Industries such as textile, clothing, food are the examples of ________________
(A)
Monopoly
(B)
Oligopoly
(C)
Perfect competition
(D)
Monopolistic competition
Question-4
In ________________ markets there are large number of sellers.
(A)
Monopolistic competition
(B)
Perfect competition
(C)
a and b
(D)
Oligopoly
Question-5
Which one is not the characteristic features of perfect competition?
(A)
Large number of firms
(B)
Homogenous product
(C)
Individual firm influences price
(D)
Individual cannot influence price
Question-6
_______________ can not influence the price under monopoly
(A)
Buyer
(B)
Seller
(C)
Producer
(D)
All of these
Question-7
Firms under monopolistic competition are _______________
(A)
Price takers
(B)
Not price takers
(C)
Price fixers
(D)
Any of these
Question-8
When there is only one seller, the market is known as ________________
(A)
Monopolistic competition
(B)
Oligopoly
(C)
Monopoly
(D)
Perfect competition
Question-9
________________ is a major feature of monopolistic competition.
(A)
Heterogeneous products
(B)
Selling cost
(C)
Production of complementary goods
(D)
All of these
Question-10
There is no scope for selling cost under ________________
(A)
Perfect competition
(B)
Monopoly
(C)
a and b
(D)
Oligopoly
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