Non-competitive Markets Class 12 MCQs Questions with Answers

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

2. Which market have characteristic of product differentiation

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

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

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

6. Price discrimination can take place only in

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

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

9. Cartels exist in.

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

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

12. The demand curve of Oligopoly is?

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

14. A monopolistic is a price

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

16. Which market has characteristics of product differentiation

17. In monopolistic competition the goods are.

18. Oligopoly having identical products is known as

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

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