Q.step 1 Which of one’s pursuing the is not an element regarding monopolistic race ? (a) Ease of entryway for the globe (b) Product distinction (c) A somewhat plethora of suppliers (d) A beneficial homogenous productAns: D
Q.dos Which of after the locations have the unique feature regarding indeterminate request curve? (a) Primary competition(b) Oligopoly (c) Dominance (d) Monopolistic
Q.3 Less than and that of one’s field models, new demand bend are steeper compared to market away from monopolistic battle ? (a) Duopoly (b) Monopoly
Q.5 Significantly less than dominance style of business the purchase price flexibility out-of demand tends to be (a) Over unity (b) Equal to unity (c) Below unity (d) InfinityAns: C
Q.6 About monopolistic competition brand of sector, which one of one’s after the comments tends to be right? (a) Freedom away from entry and you may leave to your the new providers (b) Demand contour synchronous so you’re able to vertical axis. (c) Enterprise provides complete power over speed. (d) Offering prices don’t exist.A beneficialns: An excellent
(a) Non-rates battle (b) Few grand firms (c) Indeterminate firm’s demand bend (d) Prime degree among the three day rule buyersAns: D
Q.8 Consult bend experienced by the a competitive agency is actually (a) Very well inelastic (b) Very well flexible (c) Shorter elastic (d) None off theseAns: B
Q.9 Implication regarding large amount of providers in the very well competitive marketplace is: (a) Not one provider by itself can be determine the price (b) Company gets speed founder (c) Entryway from a new enterprise becomes rather difficult (d) Nothing out of theseAns: A beneficial
Q.10 Significantly less than best race, a company earns typical earnings eventually on account of (a) Homogeneous equipment (b) Free admission and you can hop out off firms
Q.eleven Demand bend around monopolist battle is far more elastic than just significantly less than dominance due to (a) Multitude of enterprises (b) Liberty regarding entryway and you can hop out (c) Presence from intimate replacements (d) High offering costsAns: C
Q.twelve When you look at the Middle east a group of petroleum enterprises from the building a cartel together ple of (a) Collusive oligopoly (b) Monopolistic providers (c) Duopoly (d) Imperfect oligopolyAns: A great
Q.thirteen First difference in monopolistic race and you may oligopoly was (a) Tool distinction (b) Barrier in order to entryway (c) Number of people(d) Price discriminationAns: B
(a) Zero firm alter it spruce having fear of retaliation of the other businesses (b) Offering costs (c) Hard entryway off an alternative corporation (d) Not one out-of theseAns: A beneficial
(a) Equilibrium quantity commonly increase but harmony rate will slip (b) One another equilibrium rate wide variety commonly fall (c) Harmony rates often rise and you can harmony wide variety have a tendency to slide (d) Equilibrium rates and you may wide variety will remain the new sameAns: A
Q.18 If a perfectly competitive firm is in equilibrium in the short run, then it earns super normal profits when (a) AR < AC (b) AR = AC (c) AR > AC (d) AR = PriceAns: C
Q.20 Whenever oil-producing places of one’s middle eastern countries see to place costs and you may efficiency profile, it’s a good example of(a) Dominance (b) Collusive oligopoly(c) Competitive oligopoly (d) Funds sharingAns: B
Q.23 Classification off industry on variations hinges on: (a) Guidelines of battle (b) Amount of competition (c) Amount of organizations (d) Each other (b) and (c)Ans: D
Q.24 Size of the market is actually high when: (a) The number of the brand new consumers are high (b) the latest purchases and get of an item are high (c) The number of suppliers try highest (d) The amount of race was largeAns: B
Q.twenty-six When comparing to almost every other market forms , primary end facilitates: (a) Lowest returns and higher price (b) Higher productivity minimizing price
Q.27 There is cut lips race a top standard of interdependence between your enterprises around (a) monopolistic race (b) collusive oligopoly (c) non-collusive oligopoly (d) perfect competitionAns: C
Q.twenty eight Members of the fresh new cartel under collaborative oligopoly undertake the cost coverage since the given because of the: (a) world (b) rate chief (c) cartel (d) nothing off theseAns: B
(a) AVC for each and every agency ‘s the reasonable (b) Ac per agency is the lowest (c) TVC per organization is the reasonable (d) TC per firm is the lowestAns: B
Q.37 An industry strategy adopted by the a company to boost their business compliment of advertisement is called: (a) best battle(b) sheer race
Q.41 Company’s consult curve around dominance shows: (a) no matchmaking between rates demand (b) inverse matchmaking between speed demand (c) self-confident relationships between price consult
(a) A number of companies creating identical merchandise (b) Of numerous firms creating differentiated items (c) A number of businesses generating items which differs (d) Of many agencies promoting the same goodAns: D
(a) A hope away from top quality so you’re able to customers. (b) A private directly to a maker from something. (c) A control over particular novel source. (d) None of your own aboveAns: B
Q.forty-two The fresh new soda marketplace is ruled by the coke, pepsi and also not one enterprises. The firms often initiate rate wars. The marketplace is also most useful feel classified since the: (a) Finest race (b) Monopolistic competition (c) Oligopoly (d) MonopolyAns: C
Q.47 How much attempting to sell costs are incurred if there is primary battle ? (a) Very high (b) Very Smaller (c) Minimal (d) ZeroAns: D
Q.forty-eight Companies cooperate along for the determining rates or returns otherwise both. It’s an element out of : (a) Absolute Oligopoly (b) Non-Collusive Oligopoly (c) Imperfect Oligopoly(d) Collusive OligopolyAns: D
Q.fifty The fresh new perfectly aggressive business increases their output, upcoming the complete revenue: (a) Increases (b) More increases(c) Lower than doubles(d) Can’t be determinedAns: An excellent
Q.51 So you can maximize payouts, a dominance business commonly create you to definitely amounts from which: (a) limited money equals mediocre total cost (b) rates means marginal money (c) marginal funds means limited costs (d) complete funds means total costAns: C
