In which of the following is not a type of market structure price will be very high?

(a)

Perfect competition

(b)

Monopoly

(c)

Duopoly

(d)

Oligopoly

Group equilibrium is analysed in ____________

(a)

Monopolistic competition

(b)

Monopoly

(c)

Duopoly

(d)

Pure competition

Under perfect competition, the shape of demand curve of a firm is ___________

(a)

Vertical

(b)

Horizontal

(c)

Negatively sloped

(d)

Positively sloped

Which of the following involves maximum exploitation of consumers?

(a)

Perfect competition

(b)

Monopoly

(c)

Monopolistic competition

(d)

Oligopoly

Very short period is also called ________ period

(a)

Long Period

(b)

Short Period

(c)

Market Period

(d)

None of these

The supply curve is __________ in the long period.

(a)

Perfectly inelastic

(b)

Inelastic

(c)

Elastic

(d)

Very much elastic

Total revenue is Rs 500. Total cost Rs 600. Therefore find profit or loss?

(a)

100 Profit

(b)

100 Loss

(c)

1100 Profit

(d)

600 Loss

There are _______ types of price discrimination

(a)

One

(b)

Two

(c)

Three

(d)

Four

____________ market in which a single producer faces a single consumer.

(a)

Bilateral Oligopoly

(b)

Bilatral Monopoly

(c)

Monopoly

(d)

Oligopoly

On the basis of area, the market can be classified as _______ market.

(a)

local

(b)

regional

(c)

national

(d)

all of these