CBSE  /  Class 11  /  Economics  /  Non-competitive Markets

  • 1. 
    Which of the following is not the feature of an imperfect competition?

  • Large number of buyers
  • Single seller
  • Homogeneous products
  • Price maker

  • 2. 
    A monopolist is a price

  • Acceptor
  • Taker
  • Giver
  • Maker

  • 3. 
    The firm and the industry are one and the same in:

  • Monopolistic competition
  • Monopoly
  • Duopoly
  • Oligopoly

  • 4. 
    Which of the following is not a characteristic feature of imperfect competition?

  • Prices vary from seller to seller
  • All the products are homogeneous
  • Profits of the seller is included in the price
  • None of above

  • 5. 
    Market which has two firms is known as

  • Duopoly
  • Monopolistic Competition
  • Oligopoly
  • None of These

  • 6. 
    Under which of the following forms of market structure a firm has no control over the price of its product?

  • Monopoly
  • Perfect competition
  • Oligopoly
  • Monopolistic competition

  • 7. 
    Oligopoly having identical products is known as

  • Pure oligopoly
  • Collusive oligopoly
  • Independent oligopoly
  • None of above

  • 8. 
    Price discrimination can take place only in

  • Perfect competition
  • Oligopoly
  • Monopolistic competition
  • Monopoly

  • 9. 
    Which market have characteristic of product differentiation

  • Monopolistic competition
  • Oligopoly
  • Monopoly
  • Perfect competition

  • 10. 
    Under monopoly form of market, TR is maximum when

  • MR is maximum
  • MR < 0
  • MR > 0
  • MR is zero
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