Non-competitive Markets Class 12 MCQs Questions with Answers

1. Oligopoly having identical products is known as

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

3. In monopolistic competition the goods are.

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

5. Cartels exist in.

6. The demand curve of Oligopoly is?

7. A monopolistic is a price

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

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

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

11. Which market have characteristic of product differentiation

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

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

14. Price discrimination can take place only in

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

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

17. Which market has characteristics of product differentiation

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

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

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