MARKETS
11th Grade
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MARKETS
Quiz
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Other
•
11th Grade
•
Practice Problem
•
Hard
Nidhi Koshy
Used 1+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______ REFERS TO A REGION WHERE THE BUYERS AND SELLERS OF A COMMODITY COME IN CONTACT WITH EACH OTHER TO EFFECT THE TRANSACTIONS OF PURCHASE AND SALE OF THE COMMODITY
AREA
MANDI
MARKET
ARENA
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
THE WORD 'POLUS' MEANS
MARKET
SELLER
BUYER
POLICE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
FIRM IS THE PRICE TAKER IN WHICH FORM?
WHOLESALE
RETAIL
PERFECT COMPETETION
MONOPOLISTIC COMPETETION
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A FIRM THAT HAS VERY LARGE NUMBERS OF BUYERS AND SELLERS IS
PERFECT COMPETETION
MONOPOLY
MONOPOLISTIC COMPETETION
NONE OF THESE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
EXPENDITURE INCURRED BY THE PRODUCERS TO PROMOTE SALE OF THEIR PRODUCTS IS TERMED AS
EXPLICIT COST
IMPLICIT COST
SELLING COST
FIXED COST
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