Market Structure and Pricing Model Question Paper

11th Standard

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Economics

Time : 02:00:00 Hrs
Total Marks : 60
    10 x 1 = 10
  1. 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

  2. There is no excess capacity under _________

    (a)

    Monopoly

    (b)

    Monopolistic competition

    (c)

    Oligopoly

    (d)

    Perfect competition

  3. In which type of market, AR and MR are equal _______

    (a)

    Duopoly

    (b)

    Perfect competition

    (c)

    Monopolistic competition

    (d)

    Oligopoly

  4. Group equilibrium is analysed in ____________

    (a)

    Monopolistic competition

    (b)

    Monopoly

    (c)

    Duopoly

    (d)

    Pure competition

  5. Monopolistic competition is a form of __________

    (a)

    Oligopoly

    (b)

    Duopoly

    (c)

    Imperfect competition

    (d)

    Monopoly

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

    (a)

    Vertical

    (b)

    Horizontal

    (c)

    Negatively sloped

    (d)

    Positively sloped

  7. Which of the following involves maximum exploitation of consumers?

    (a)

    Perfect competition

    (b)

    Monopoly

    (c)

    Monopolistic competition

    (d)

    Oligopoly

  8. An example of selling cost is __________

    (a)

    Raw material cost

    (b)

    Transport cost

    (c)

    Advertisement cost

    (d)

    Purchasing cost

  9. _____________ classifies market on the basis of time

    (a)

    Adam Smith

    (b)

    Alfred Marshall

    (c)

    Samuelson

    (d)

    E.H. Chamberlin

  10. Group of the firm is known as _________

    (a)

    Firm

    (b)

    Industry

    (c)

    Market

    (d)

    None of these

  11. 10 x 2 = 20
  12. Define Market.

  13. Point out the essential features of the pure competition

  14. Draw demand curve of a firm for the following:
    (a) Perfect competition, (b) Monopoly

  15. Mention any two types of price discrimination.

  16. Define Excess capacity.

  17. What is Monopoly?

  18. What is Oligopoly?

  19. Who introduced imperfect competition?

  20. Define Firm.

  21. What is a local market?

  22. 5 x 3 = 15
  23. What are the features of a market?

  24. Describe the degrees of price discrimination.

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

  26. Differentiate between 'firm' and 'industry'.

  27. Explain 'Monopsony'

  28. 3 x 5 = 15
  29. Brint out the features of perfect competition.

  30. Describe the features of oligopoly.

  31. Explain price and output determination under monopolistic competition with help of the diagram.

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