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WorksheetsDifferent forms of Market
Total questions: 10
Worksheet time: 2mins
Name
Class
Date
1.
Under which market form is a firm a price-taker
a)
perfect
b)
monopolistic
c)
monopoly
2.
Which market form has a single seller
a)
perfect
b)
monopolistic
c)
monopoly
3.
Under which market form AR=MR
a)
perfect
b)
oligopoly
c)
monopoly
4.
Cartels exist in which market form
a)
perfect
b)
monopoly
c)
oligopoly
5.
Price discrimination means
a)
Charging no price
b)
Charging full price from all
c)
Charging different prices from different class of customers
6.
Product differentiation is a feature of
a)
Perfect
b)
monopoistic
c)
No market
7.
AR is always equal to
a)
Total revenue
b)
Price
c)
None
8.
Price ceiling is good for
a)
Farmers
b)
Consumers
c)
Producers
9.
MSP(Minimum support price) is an e.g of
a)
perfect
b)
Price ceiling
c)
price floor
10.
Which market form is a real world market
a)
perfect
b)
pure monopoly
c)
monopolistic
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