Monopolist can fix
Question: Monopolist can fix A. Both price and output B. Neither price and output C. Either price and output D. None of the above Answer» c. Either price and output Note: The above multiple-choice question is for all general and…
» Micro economics 2 solved MCQs
Entry is restricted under:
Question: Entry is restricted under: A. Perfect competition B. Monopoly C. Monopolistic competition D. All of the above Answer» b. Monopoly Note: The above multiple-choice question is for all general and Competitive Exams in India.
If one perfectly competitive firm increases its level of output, market supply
Question: If one perfectly competitive firm increases its level of output, market supply A. will increase and market price will fall B. will increase and market price will rise C. and market price will both remain constant D. will decrease…
Price leadership is a feature of:
Question: Price leadership is a feature of: A. Monopoly B. Oligopoly C. Duopoly D. Monopolistic Competition Answer» b. Oligopoly Note: The above multiple-choice question is for all general and Competitive Exams in India.
Breakeven point means:
Question: Breakeven point means: A. AR = AC B. TR = TC C. No profit, no loss D. All of the above Answer» d. All of the above Note: The above multiple-choice question is for all general and Competitive Exams…
The imposition of a maximum price at the point where the monopolist’s SMC curveintersects the D curve causes the monopolist to
Question: The imposition of a maximum price at the point where the monopolist’s SMC curveintersects the D curve causes the monopolist to A. break even B. incur losses C. make profits D. any of the above. Answer» d. any of…
Price discrimination is an essential feature of
Question: Price discrimination is an essential feature of A. Perfect competition B. Oligopoly C. Duopoly D. monopoly Answer» d. monopoly Note: The above multiple-choice question is for all general and Competitive Exams in India.
Perfect price discrimination means that every customer ____________
Question: Perfect price discrimination means that every customer ____________ A. buys the same amount B. pays the same price C. contributes the same revenue D. pays what she thinks the product is worth Answer» d. pays what she thinks the…
Marginal revenue curve under perfect competition is
Question: Marginal revenue curve under perfect competition is A. Upward sloping B. Downward sloping C. Horizontal straight line D. Vertical straight line Answer» c. Horizontal straight line Note: The above multiple-choice question is for all general and Competitive Exams in…
The diagram depicting monopolistic competition in the short run:
Question: The diagram depicting monopolistic competition in the short run: A. is very similar to the short run monopoly diagram B. is very similar to the short run perfect competition diagram C. is very similar to the short run oligopoly…