Chapter-6 ➤ Non-competitive Markets 1. Which market have characteristic of product differentiation Monopolistic competition Oligopoly Monopoly Perfect competition 2. Under which of the following forms of market structure a firm has no control over the price of its product? Monopoly Perfect competition Oligopoly Monopolistic competition 3. A monopolist is a price Acceptor Taker Giver Maker 4. Which of the following is not the feature of an imperfect competition? Large number of buyers Single seller Homogeneous products Price maker 5. Under monopoly form of market, TR is maximum when MR is maximum MR < 0 MR > 0 MR is zero 6. Price discrimination can take place only in Perfect competition Oligopoly Monopolistic competition Monopoly 7. Market which has two firms is known as Duopoly Monopolistic Competition Oligopoly None of These 8. Oligopoly having identical products is known as Pure oligopoly Collusive oligopoly Independent oligopoly None of above 9. Which of the following is not a characteristic feature of imperfect competition? Prices vary from seller to seller All the products are homogeneous Profits of the seller is included in the price None of above 10. The firm and the industry are one and the same in: Monopolistic competition Monopoly Duopoly Oligopoly Loading … Question 1 of 10
