CBSE  /  Class 11  /  Economics  /  Market Equilibrium

  • 1. 
    Which is not a condition for equilibrium of a monopoly form ?

  • Average Revenue = Marginal Cost
  • Marginal Revenue = Marginal Cost
  • Marginal Cost should cut the Marginal Revenue Curve from below
  • Both (b) and (c)

  • 2. 
    In perfect competition, these is……. profit

  • Normal
  • Maximum
  • Zero
  • None of these

  • 3. 
    A Seller Cannot influence the market price under:

  • Perfect Competition
  • Monopoly
  • Monopolistic Competition
  • All of these

  • 4. 
    Which determines the equilibrium price ?

  • Demand
  • Supply
  • Both (a) and (b)
  • None of the above

  • 5. 
    Which is the component of factor price determination ?

  • Rent
  • Wages
  • Interest
  • All of these

  • 6. 
    Price of a goods is determined at a point where :

  • Demand > Supply
  • Demand < Supply
  • Demand = Supply
  • None of these

  • 7. 
    None of these Rent is = ?

  • Actual Income – Transfer Earnings
  • Actual Income + Transfer Earnings
  • Transfer Earnings
  • None of these

  • 8. 
    Which of the following is correct ?

  • Labour Demand comes from producer
  • Demand of labour depends on its productivity.
  • Marginal productivity of labour is its maximum wage
  • All the above

  • 9. 
    Main feature of perfectly competitive market is:

  • Uniform price
  • Homogeneous product
  • Large number of buyers and sellers
  • All of the above.

  • 10. 
    The market in which there is free entry and exit is:

  • Monopolistic competition market
  • Imperfect competition market
  • Perfect competitions market
  • None of these.
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