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 - 1
Question 1:
Under monopoly form of market, TR is maximum when
(a) MR is maximum
(b) MR < 0
(c) MR > 0
(d) MR is zero
Correct Answer – (D)
Question 2:
Price discrimination can take place only in
(a) Perfect competition
(b) Oligopoly
(c) Monopolistic competition
(d) Monopoly
Correct Answer – (D)
Question 3:
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
Correct Answer – (B)
Question 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
Correct Answer – (B)
Question 5:
A monopolist is a price
(a) Acceptor
(b) Taker
(c) Giver
(d) Maker
Correct Answer – (D)
MCQ Questions Class 11 Non-competitive Markets With Answers
Question 6:
Which market have characteristic of product differentiation
(a) Monopolistic competition
(b) Oligopoly
(c) Monopoly
(d) Perfect competition
Correct Answer – (A)
Question 7:
Oligopoly having identical products is known as
(a) Pure oligopoly
(b) Collusive oligopoly
(c) Independent oligopoly
(d) None of above
Correct Answer – (A)
Question 8:
Market which has two firms is known as
(a) Duopoly
(b) Monopolistic Competition
(c) Oligopoly
(d) None of These
Correct Answer – (A)
Question 9:
The firm and the industry are one and the same in:
(a) Monopolistic competition
(b) Monopoly
(c) Duopoly
(d) Oligopoly
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
