Non-competitive Markets Class 12 MCQs Questions with Answers

1. Which of the below mentioned option is not mentioned in imperfect competition?

2. Under monopoly form of market, TR is maximum when

3. In perfect competition, when the marginal revenue and marginal cost are equal, profit it?

4. Which of the following type of competition is just a theoretical economic concept, not a realistic case where actual competition and trade take place?

5. In perfect competition, a company earns an abnormal profit when average revenue exceeds the

6. In perfect competition, in the long run, if a new firm enters the industry the supply curve shifts to the right resulting in_________?

7. When a negative sloping straight-line demand curve, the total revenue curve is.

8. Cartels exist in.

9. Which market has characteristics of product differentiation

10. In the monopolistic market, which curves lie below the demand curve and slopes downward?

11. The demand curve of Oligopoly is?

12. The concept of the supply curve is relevant only for?

13. Under which of the following forms of market structure a firm has no control over the price of its product?

14. In monopolistic competition the goods are.

15. The firm and the industry are one and the same in:

16. Price discrimination can take place only in

17. Which market have characteristic of product differentiation

18. Oligopoly having identical products is known as

19. A monopolistic is a price

20. Which of the following is not a characteristic feature of imperfect competition?