Non-competitive Markets Class 12 MCQs Questions with Answers

1. The demand curve of Oligopoly is?

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. Under monopoly form of market, TR is maximum when

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

5. Cartels exist in.

6. Which market has characteristics of product differentiation

7. Oligopoly having identical products is known as

8. In monopolistic competition the goods are.

9. Price discrimination can take place only in

10. Which market have characteristic of product differentiation

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

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

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

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

15. A monopolistic is a price

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

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

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

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

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