Main Market foroms
Quiz
•
Other
•
11th Grade
•
Practice Problem
•
Hard
Suman Batra
Used 55+ times
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10 questions
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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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