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11th Standard English Medium Economics Subject Market Structure and Pricing Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 5

    1 Marks

    5 x 1 = 5
  1. _____________ classifies market on the basis of time

    (a)

    Adam Smith

    (b)

    Alfred Marshall

    (c)

    Samuelson

    (d)

    E.H. Chamberlin

  2. Very long period market is also called as ____________

    (a)

    Market Period

    (b)

    Short Period

    (c)

    Long Period

    (d)

    Secular Period

  3. Long run average cost curve is ______shaped curve.

    (a)

    Downward sloping curve

    (b)

    Upward sloping curve

    (c)

    Straight line

    (d)

    Flatter 'U' shaped curve

  4. The imperfect competition was propounded in England by _________

    (a)

    Mrs. Joan Robinson

    (b)

    E.H. Chamberlin

    (c)

    Marshall

    (d)

    Adam Smith

  5. First-degree price discrimination named it as ______

    (a)

    Perfect discriminating monopoly

    (b)

    Imperfect discriminating monopoly

    (c)

    Sub market

    (d)

    None of these

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