Main Market foroms

Main Market foroms

11th Grade

10 Qs

quiz-placeholder

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Main Market foroms

Main Market foroms

Assessment

Quiz

Other

11th Grade

Hard

Created by

Suman Batra

Used 55+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under perfect competition a firm is the________________

price maker and not price taker

price taker and not price maker

neither price maker not price taker

none of the above

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A Monopolist is a price ___________(taker/maker)

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

In --------------------firm and industry coincide

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Name the market form in which demand curve is unknown.

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Choose the features of perfect market frm following.

barriers to entry

differentiated product

indeterminate demand curve

perfect knowledge

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The structure of the Shampoo industry in India is best described as:

Perfect Competition

Monopolistic Competition

Oligopoly

Monopoly

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

OPEC is an example of

Collusive Oligopoly

Non Collusive oligopoly

Pure oligopoly

Differentiated Oligopoly

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