#### Market Structure and Pricing Two Marks Questions

11th Standard

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Economics

Time : 00:45:00 Hrs
Total Marks : 30
15 x 2 = 30
1. Define Market.

2. Who is price-taker?

3. Point out the essential features of the pure competition

4. Mention any two types of price discrimination.

5. Define Excess capacity.

6. What is Monopoly?

7. Write the sources of monopoly power.

8. When AR = 100, AC = 32, Total output = 5 find total profit.

9. What is 'Bilateral Monopoly'?

10. What are the wastages of monopolistic competition?

11. Write a note on 'Dumping'.

12. Explain the whole-sale and retail market.

13. What are the Equilibrium conditions for a firm?

14. Define Monopoly.

15. Distinguish between Natinal Market and International Market?