Non-competitive Markets Class 12 MCQs Questions with Answers

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

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

3. A monopolistic is a price

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

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

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

7. Which market have characteristic of product differentiation

8. In monopolistic competition the goods are.

9. Cartels exist in.

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

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 concept of the supply curve is relevant only for?

13. Oligopoly having identical products is known as

14. Price discrimination can take place only in

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

16. Which market has characteristics of product differentiation

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

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

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. The demand curve of Oligopoly is?