Non-competitive Markets Class 12 MCQs Questions with Answers

1. A monopolistic is a price

2. In monopolistic competition the goods are.

3. Which market have characteristic of product differentiation

4. Cartels exist in.

5. Which market has characteristics of product differentiation

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

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

8. Price discrimination can take place only in

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

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

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

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

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

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

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

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

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

18. The demand curve of Oligopoly is?

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

20. Oligopoly having identical products is known as