NCERT Class 11 Chapter 4 Economics The Theory of the Firm under Perfect Competition MCQ | Questions & Answers

NCERT Class 11 Chapter 4 Economics The Theory of the Firm under Perfect Competition MCQ | Questions & Answers: If you guys have been searching for the Class 11 Chapter 4 Economics The Theory of the Firm under Perfect Competition MCQ Quiz then this article will be the perfect one for you. The online quiz that has been established below will help you guys in knowing new concepts about The Theory of the Firm under Perfect Competition topic.

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1. The concept of supply curve is relevant only for?

2. Which of the following is an example of perfect competition?

3. Can MR be negative or zero.

4. If all units are sold at same price how will it affect AR and MR?

5. What is price line

6. Can TR be a horizontal Straight line?

7. The revenue of a firm per unit sold is its

8. The product of AR and price at every unit sold is the firm’s

9. In perfect competition, in the long run, ______________?

10. In perfect competition, when the marginal revenue and marginal cost are equal, profit is?