Non-competitive Markets Class 12 MCQs Questions with Answers

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

2. The demand curve of Oligopoly is?

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

4. Oligopoly having identical products is known as

5. Which market has characteristics of product differentiation

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

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

8. Cartels exist in.

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

10. Which market have characteristic of product differentiation

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

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

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

14. A monopolistic is a price

15. Price discrimination can take place only in

16. In monopolistic competition the goods are.

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

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

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