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Main Market Forms

Authored by Hemant Raj

Social Studies

11th Grade

Used 6+ times

Main Market Forms
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69 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Toothpaste is a product of which type of market form:

Monopolistic Competition
Monopoly
Perfect competition
None of these

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A firm is a price taker under:

Perfect competition
Monopoly
monopolistic competition
None of these

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which form of market is also known as price-maker firm?

Monopoly
Monopolistic competition
Perfect competition
None of these

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

No close substitutes is a distinguishing feature of which form of market?

Monopolistic Competition
Monopoly
Perfect competition
None of these

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the nature of demand curve in case of monopolistic competition?

Perfectly elastic
Downward sloping and less elastic
Downward sloping and more elastic
None of these

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How much selling cost are incurred in case of perfect competition?

Very high
very less
negligible
zero

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Demand curve in case of monopolistic competition is more elastic as compared to demand curve under monopoly due to :

Huge selling cost
Freedom of entry and exit
presence of close substitutes
Large number of firms

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