NCERT Class 11 Chapter 6 Economics Non-Competitive Markets MCQ

NCERT Class 11 Chapter 6 Economics Non-Competitive Markets MCQ | Questions & Answers: Candidates who are here to make use of the Class 11 Chapter 6 Economics Non-Competitive Markets MCQ Quiz should without any further delay attempt the quiz and know how many you have scored and where you need to make an improvement.

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1. Which of the following is not the feature of an imperfect competition?

A. Large number of buyers

B. Single seller

C. Homogeneous products

D. Price maker

2. A monopolist is a price

A. Acceptor

B. Taker

C. Giver

D. Maker

3. The firm and the industry are one and the same in:

A. Monopolistic competition

B. Monopoly

C. Duopoly

D. Oligopoly

4. Which of the following is not a characteristic feature of imperfect competition?

A. Prices vary from seller to seller

B. All the products are homogeneous

C. Profits of the seller is included in the price

D. None of above

5. Market which has two firms is known as

A. Duopoly

B. Monopolistic Competition

C. Oligopoly

D. None of These

6. Under which of the following forms of market structure a firm has no control over the price of its product?

A. Monopoly

B. Perfect competition

C. Oligopoly

D. Monopolistic competition

7. Oligopoly having identical products is known as

A. Pure oligopoly

B. Collusive oligopoly

C. Independent oligopoly

D. None of above

8. Price discrimination can take place only in

A. Perfect competition

B. Oligopoly

C. Monopolistic competition

D. Monopoly

9. Which market have characteristic of product differentiation

A. Monopolistic competition

B. Oligopoly

C. Monopoly

D. Perfect competition

10. Under monopoly form of market, TR is maximum when

A. MR is maximum

B. MR < 0

C. MR > 0

D. MR is zero

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11. A monopolistic is a price

A. Acceptor

B. Taker

C. Giver

D. Maker

12. The demand curve of Oligopoly is?

A. Kinked

B. Vertical

C. Horizontal

D. Rising left to Right

13. The concept of the supply curve is relevant only for?

A. Oligopoly

B. Monopoly

C. Monopolistic Competition

D. Perfect Competition

14. In perfect competition, when the marginal revenue and marginal cost are equal, profit it?

A. Zero

B. Average

C. Maximum

D. Negative

15. Which of the below-mentioned option is not mentioned in imperfect competition?

A. A large number of buyers

B. Single sellers

C. Similar/Homogenous product

D. Price maker

16. In perfect competition, a company earns an abnormal profit when average revenue exceeds the?

A. Total revenue

B. Average cost

C. Total fixed cost

D. Marginal revenue

17. In the monopolistic market, which curves lie below the demand curve and slopes downward?

A. Marginal cost

B. Average cost

C. Average revenue

D. Marginal revenue

18. When a negative sloping straight-line demand curve, the total revenue curve is.

A. A rectangle hyperbola

B. Convex to the original

C. An inverted vertical parabola

D. Concave to the origin

19. Cartels exist in.

A. Oligopoly

B. Duopoly

C. Monopoly

D. Perfect competition

20. In monopolistic competition the goods are.

A. Durable

B. Differentiated

C. Heterogeneous

D. Homogeneous

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21. Which market has characteristics of product differentiation

A. Monopolistic competition

B. Oligopoly

C. Monopoly

D. Perfect competition

22. Under which of the following forms of market structure a firm has no control over the price of its product?

A. Monopoly

B. Perfect competition

C. Oligopoly

D. Monopolistic competition

23. Oligopoly having identical products is known as

A. Pure oligopoly

B. Collusive oligopoly

C. Independent oligopoly

D. None of above

24. Which market have characteristic of product differentiation

A. Monopolistic competition

B. Oligopoly

C. Monopoly

D. Perfect competition