Economics
Authored by Satakshi Gupta
Social Studies
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the condition of equilibrium under perfect market competition?
MR > MC
MR = MC
MR < MC
NOTA
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a firm earn in short run and long run equilibrium respectively under monopoly?
Losses, supernormal profits and supernormal profits.
Losses, normal profits and supernormal profits
Normal profits and supernormal profits
Supernormal profits and supernormal profits
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is free entry and exit of the firms in
Perfect market
Monopoly market
Monopolistic market
Both a and c
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where is the shut down point of a firm?
When price is less than AVC
When price is equal to AVC
When price is more than AVC
NOTA
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The demand, AR, MR & Price curve of ________ market forms a horizontal curve.
Oligopoly
Monopolistic
Monopoly
Perfect
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is practising Dumping against India?
USA
China
UK
Both a & b
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price discrimination occurred in _______ market.
Perfect
Monopoly
Monopolistic
Oligopoly
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