Market Structure and Pricing One Mark Question

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 00:30:00 Hrs
Total Marks : 10
    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. Equilibrium condition of a firm is ___________

    (a)

    MC=MR

    (b)

    MC>MR

    (c)

    MC < MR

    (d)

    MR = Price

  3. Which of the following is a feature of monopolistic competition?

    (a)

    One seller

    (b)

    Few sellers

    (c)

    Product differentiation

    (d)

    No entry

  4. _____________ classifies market on the basis of time

    (a)

    Adam Smith

    (b)

    Alfred Marshall

    (c)

    Samuelson

    (d)

    E.H. Chamberlin

  5. Very short period is also called ________ period

    (a)

    Long Period

    (b)

    Short Period

    (c)

    Market Period

    (d)

    None of these

  6. Very long period market is also called as ____________

    (a)

    Market Period

    (b)

    Short Period

    (c)

    Long Period

    (d)

    Secular Period

  7. The supply curve is __________ in the long period.

    (a)

    Perfectly inelastic

    (b)

    Inelastic

    (c)

    Elastic

    (d)

    Very much elastic

  8. Imperfect competition market which comprises _________

    (a)

    Monopoly market

    (b)

    Monopolistic competition market

    (c)

    Duopoly market

    (d)

    All of these

  9. Group of the firm is known as _________

    (a)

    Firm

    (b)

    Industry

    (c)

    Market

    (d)

    None of these

  10. TR=TC is  ________

    (a)

    Profit

    (b)

    Loss

    (c)

    Break Even Point

    (d)

    All of these

*****************************************

TN 11th Standard Economics free Online practice tests

Reviews & Comments about 11th Standard Economics Unit 5 Market Structure and Pricing One Mark Question and Answer

Write your Comment