Group equilibrium is analysed in ____________

(a)

Monopolistic competition

(b)

Monopoly

(c)

Duopoly

(d)

Pure competition

In monopolistic competition, the essential feature is ____________

(a)

Same product

(b)

Selling cost

(c)

Single seller

(d)

Single buyer

Monopolistic competition is a form of __________

(a)

Oligopoly

(b)

Duopoly

(c)

Imperfect competition

(d)

Monopoly

Price leadership is the attribute of ________

(a)

Perfect competition

(b)

Monopoly

(c)

Oligopoly

(d)

Monopolistic competition

Price discrimination will always lead to _________

(a)

Increase in output

(b)

Increase in profit

(c)

Different prices

(d)

b and c

The average revenue curve under monopolistic competition will be ____________

(a)

Perfectly inelastic

(b)

Perfectly elastic

(c)

Relatively

(d)

Unitary elastic

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

(a)

Vertical

(b)

Horizontal

(c)

Negatively sloped

(d)

Positively sloped

In which market form, does absence of competition prevail?

(a)

Perfect competition

(b)

Monopoly

(c)

Duopoly

(d)

Oligopoly

Which of the following involves maximum exploitation of consumers?

(a)

Perfect competition

(b)

Monopoly

(c)

Monopolistic competition

(d)

Oligopoly

An example of selling cost is __________

(a)

Raw material cost

(b)

Transport cost

(c)

Advertisement cost

(d)

Purchasing cost