CBSE Class 11 Non-competitive Markets Multiple Choice Questions with Answers. MCQ Questions Class 11 Non-competitive Markets with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Non-competitive Markets with Answers to know their preparation level.
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MCQ Questions Class 11 Non-competitive Markets with Answers - Set - 4
Question 1:
The demand curve of Oligopoly is?
(A) Kinked
(B) Vertical
(C) Horizontal
(D) Rising left to Right
Correct Answer – (A)
Question 2:
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
Correct Answer – (B)
Question 3:
A Market structure which produces heterogeneous products is called
(a) Monopoly
(b) Monopolistic competition
(c) Perfect competition
(d) None of the above
Correct Answer – (B)
Question 4:
The firm and the industry are one and the same in…………………
(a) Perfect competition
(b) Monopolistic competition
(c) Duopoly
(d) Monopoly
Correct Answer – (D)
Question 5:
Price discrimination can take place only in
(a) Perfect competition
(b) Oligopoly
(c) Monopolistic competition
(d) Monopoly
Correct Answer – (D)
MCQ Questions Class 11 Non-competitive Markets With Answers
Question 6:
In perfect competition, when the marginal revenue and marginal cost are equal, profit it?
(A) Zero
(B) Average
(C) Maximum
(D) Negative
Correct Answer – (C)
Question 7:
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
Correct Answer – (C)
Question 8:
In monopolistic competition the goods are.
(a) Durable
(b) Differentiated
(c) Heterogeneous
(d) Homogeneous
Correct Answer – (B)
Question 9:
The demand curve of Oligopoly is?
(a) Kinked
(b) Vertical
(c) Horizontal
(d) Rising left to Right
Correct Answer – (A)
Question 10:
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
