Market Structure and Pricing - Important Question Paper

11th Standard

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Economics

Time : 01:00:00 Hrs
Total Marks : 50

    Part A

    10 x 1 = 10
  1. Another name of price is _________

    (a)

    Average Revenue

    (b)

    Marginal Revenue

    (c)

    Total Revenue

    (d)

    Average cost

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

    (a)

    Duopoly

    (b)

    Perfect competition

    (c)

    Monopolistic competition

    (d)

    Oligopoly

  3. In monopoly, MR curve lies below ____________

    (a)

    TR

    (b)

    MR

    (c)

    AR

    (d)

    AC

  4. Perfect competition assumes ____________

    (a)

    Luxury goods

    (b)

    Producer goods

    (c)

    Differentiated goods

    (d)

    Homogeneous goods

  5. Group equilibrium is analysed in ____________

    (a)

    Monopolistic competition

    (b)

    Monopoly

    (c)

    Duopoly

    (d)

    Pure competition

  6. Price leadership is the attribute of ________

    (a)

    Perfect competition

    (b)

    Monopoly

    (c)

    Oligopoly

    (d)

    Monopolistic competition

  7. Price discrimination will always lead to

    (a)

    Increase in output

    (b)

    Increase in profit

    (c)

    Different prices

    (d)

    'b' and 'c'

  8. The average revenue curve under monopolistic competition will be ____________

    (a)

    Perfectly inelastic

    (b)

    Perfectly elastic

    (c)

    Relaively

    (d)

    Unitary elastic

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

    (a)

    Vertical

    (b)

    Horizontal

    (c)

    Negatively sloped

    (d)

    Positively sloped

  10. In which market form does, an absence of competition prevail?

    (a)

    Perfect competition

    (b)

    Monopoly

    (c)

    Duopoly

    (d)

    Oligopoly

  11. Part B

    6 x 2 = 12
  12. What is 'Bilateral Monopoly'?

  13. What are the wastages of monopolistic competition?

  14. Write a note on 'Dumping'.

  15. What is the meaning of monopoly?

  16. Define Firm.

  17. Explain the whole-sale and retail market.

  18. Part C

    6 x 3 = 18
  19. Distinguish between Price-Marker and Price-Taker?

  20. Classify the market based on competition.

  21. Mention any three benefits of perfect competition.

  22. Explain how markets can be classified on the basis of area.

  23. What are the different types of price discrimination under monopoly?

  24. Bring out the features of Monopoly?

  25. Part D

    2 x 5 = 10
  26. Explain the market on the basis of area.

  27. Explain the comparison among the features of various markets.

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