Font size
WorksheetsMain Market foroms
Total questions: 10
Worksheet time: 7mins
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
A Monopolist is a price (a) (taker/maker)
In --------------------firm and industry coincide
(a)
Name the market form in which demand curve is unknown.
(a)
Choose the features of perfect market frm following.
barriers to entry
differentiated product
indeterminate demand curve
perfect knowledge
The structure of the Shampoo industry in India is best described as:
Perfect Competition
Monopolistic Competition
Oligopoly
Monopoly
OPEC is an example of
Collusive Oligopoly
Non Collusive oligopoly
Pure oligopoly
Differentiated Oligopoly
Steel Industry is an example of
Collusive Oligopoly
Non Collusive oligopoly
Pure oligopoly
Differentiated Oligopoly
EDp is _________in Perfect competition, ________ in monopoly and _______in monopolistic competition (more/less/infinite)
(a)
Which of the following statements is incorrect?
Under monopoly there is no difference between a firm and an industry.
A monopolist may restrict the output and raise the price.
Commodities offered for sale under a perfect competition will be heterogeneous.
Product differentiation is peculiar to monopolistic competition
