| 1 |
A monopolist is always interested and obtains. |
- A. Normal profit
- B. Subnormal profit
- C. Continues production even at loss
- D. Super normal profit
|
| 2 |
When marginal revenue is zero, total revenue is |
- A. maximum
- B. minimum
- C. zero
- D. decreasing
|
| 3 |
Product differentiation is a pre-condition of: |
- A. Perfect competition
- B. Imperfect compitition
- C. Monopoly
- D. Oligopoly
|
| 4 |
Which of the following markets comes closest to perfect market |
- A. wheat market
- B. cigarette market
- C. cold drinks market
- D. stock market
|
| 5 |
Different kinds of imperfect competition are. |
- A. Monopoly
- B. Monopolistic competition
- C. Oligopoly
- D. All the three
|
| 6 |
Market is an area where : |
- A. Products are sold
- B. Buyers and sellers come in contact with each other
- C. Price flactuates
- D. Price remain constant
|
| 7 |
The market of refrigerators in general is called: |
- A. Domestic market
- B. Local market
- C. International market
- D. National market
|
| 8 |
Under perfect competition MR and AR curves |
- A. are the same
- B. are different
- C. intersect each other
- D. are parallel
|
| 9 |
The extent of market depends upon |
- A. Means of transport and communication
- B. Political instability
- C. Economics instability
- D. Trade restriction
|
| 10 |
A short period market is the market of. |
- A. Perishable goods
- B. Durable goods
- C. Consumer goods
- D. Capital goods
|
