Samacheer Kalvi 11th Economics – Chapter 5: Market Structure and Pricing Book Back Answers
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11th Economics – Chapter 5: Market Structure and Pricing Book Back Answers
I. Choose the best answers:
1. In which of the following is not a type of market structure Price will be very high?
a. Perfect competition
b. Monopoly
c. Duopoly
d. Oligopoly
2. Equilibrium condition of a firm is __________.
a. MC = MR
b. MC > MR
c. MC < MR
d. MR = Price
3. Which of the following is a feature of monopolistic competition?
a. One seller
b. Few sellers
c. Product differentiation
d. No entry
4. A firm under monopoly can earn __________ in the short run.
a. Normal profit
b. Loss
c. Super normal profit
d. More loss
5. There is no excess capacity under ___________.
a. Monopoly
b. Monopolistic competition
c. Oligopoly
d. Perfect competition
6. Profit of a firm is obtained when __________.
a. TR < TC
b. TR – MC
c. TR > TC
d. TR = TC
7. Another name for price is _________.
a. Average Revenue
b. Marginal Revenue
c. Total Revenue
d. Average Cost
8. In which type of market, AR, and MR are equal __________.
a. Duopoly
b. Perfect competition
c. Monopolistic competition
d. Oligopoly
9. In monopoly, MR curve lies below ____________.
a. TR
b. MC
c. AR
d. AC
10. Perfect competition assumes ___________.
a. Luxury goods
b. Producer goods
c. Differentiated goods
d. Homogeneous goods
11. Group equilibrium is analyzed in __________.
a. Monopolistic competition
b. Monopoly
c. Duopoly
d. Pure competition
12. In monopolistic competition, the essential feature is _________.
a. Same product
b. selling cost
c. Single seller
d. Single buyer
13. Monopolistic competition is a form of __________.
a. Oligopoly
b. Duopoly
c. Imperfect competition
d. Monopoly
14. Price leadership is the attribute of ___________.
a. Perfect competition
b. Monopoly
c. Oligopoly
d. Monopolistic competition
15. Price discrimination will always lead to ___________.
a. Increase in output
b. Increase in profit
c. Different prices
d. b and c
16. The average revenue curve under monopolistic competition will be _______.
a. Perfectly inelastic
b. Perfectly elastic
c. Relatively elastic
d. Unitary elastic
17. Under perfect competition, the shape of the demand curve of a firm is ________.
a. Vertical
b. Horizontal
c. Negatively sloped
d. Positively sloped
18. In which market form, does the absence of competition prevail?
a. Perfect competition
b. Monopoly
c. Duopoly
d. Oligopoly
19. Which of the following involves maximum exploitation of consumers?
a. Perfect competition
b. Monopoly
c. Monopolistic competition
d. Oligopoly
20. An example of selling cost is …
a. Raw material cost
b. Transport cost
c. Advertisement cost
d. Purchasing cost
Other Important Links for 11th Samacheer Kalvi Book Back:
For Chapter 6 Distribution Analysis Book Back Click Here – Chapter 6 Distribution Analysis Book Back
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