Non-Competitive Markets

Non-Competitive Markets

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Question 1 of 12

1. Question
A monopolistic market is a price
- Acceptor
- Taker
- Giver
- Maker
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Question 2 of 12

2. Question
The demand curve of Oligopoly is
- Kinked
- Vertical
- Horizontal
- Rising left to Right
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Question 3 of 12

3. Question
The concept of the supply curve is relevant only for
- Oligopoly
- Monopoly
- Monopolistic Competition
- Perfect Competition
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Question 4 of 12

4. Question
In perfect competition, when the marginal revenue and marginal cost are equal, profit is:
- Zero
- Average
- Maximum
- Negative
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Question 5 of 12

5. Question
Which of the below-mentioned option is not mentioned in imperfect competition?
- A large number of buyers
- Single sellers
- Similar/Homogenous products
- Price maker
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Question 6 of 12

6. Question
In perfect competition, a company earns an abnormal profit when average revenue exceeds the
- Total revenue
- Average cost
- Total fixed cost
- Marginal revenue
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Question 7 of 12

7. Question
In the monopolistic market, which curves lie below the demand curve and slopes downward?
- Marginal cost
- Average cost
- Average revenue
- Marginal revenue
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Question 8 of 12

8. Question
When there is a negative sloping straight-line demand curve, the total revenue curve is.
- A rectangle hyperbola
- Convex to the original
- An inverted vertical parabola
- Concave to the origin
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Question 9 of 12

9. Question
Cartels exist in
- Oligopoly
- Duopoly
- Monopoly
- Perfect Competition
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Question 10 of 12

10. Question
In monopolistic competition the goods are.
- Durable
- Differentiated
- Heterogeneous
- Homogeneous
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Question 11 of 12

11. Question
Which market has the characteristics of product differentiation
- Monopolistic competition
- Oligopoly
- Monopoly
- Perfect Competition
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Question 12 of 12

12. Question
Oligopoly that has Identical products is known as
- Pure oligopoly
- Collusive oligopoly
- Independent oligopoly
- None of the above
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