Market Structure and Pricing Three Marks Questions

11th Standard

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Economics

Time : 00:45:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. What are the features of a market?

  2. Specify the nature of entry of competitors in perfect competition and monopoly.

  3. Describe the degrees of price discrimination.

  4. State the meaning of selling cost with an example.

  5. Mention the similarities between perfect competition and monopolistic competition.

  6. Differentiate between 'firm' and 'industry'.

  7. State the features of the duopoly.

  8. What are the conditions of price discrimination?

  9. What are the different sources of Monopoly power?

  10. Describe Price Discrimination under monopoly.

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