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 - 2
Question 1:
Price discrimination will be profitable only if the elasticity of demand in different sub markets is:
(a) Uniform
(b) Different
(c) Less
(d) Zero
Correct Answer – (B)
Question 2:
All of the following are characteristics of a monopoly except:———————–.
(a) There is a single firm.
(b) The firm is a price-taker.
(c) The firm produces a unique product.
(d) The existence of some advertising.
Correct Answer – (B)
Question 3:
Price discrimination is one of the features of……………..
(a) monopolistic competition
(b) monopoly
(c) perfect competition
(d) oligopoly
Correct Answer – (B)
Question 4:
Oligopolistic industries are characterized by …………………
(a) a few dominant firms and substantial barriers to entry
(b) a few large firms and no entry barriers
(c) a large number of small firms and no entry barriers
(d) one dominant firm and low entry barriers
Correct Answer – (A)
Question 5:
In which form of the market structure is the degree of control over the price of its product by a firm very large?
(a) Monopoly
(b) Imperfect Competition
(c) Oligopoly
(d) Perfect competition
Correct Answer – (A)
MCQ Questions Class 11 Non-competitive Markets With Answers
Question 6:
Market which has two firms is known as
(a) Duopoly
(b) Monopolistic Competition
(c) Oligopoly
(d) None of These
Correct Answer – (B)
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:
Under monopoly form of market, TR is maximum when
(a) MR is maximum
(b) MR
(c) MR > 0
(d) MR is zero
Correct Answer – (D)
Question 9:
The form of the market having only 2 sellers is called:
(a) monopoly
(b) duopoly
(c) oligopoly
(d) monopolistic competition
Correct Answer – (B)
Question 10:
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
