Related InterviewSolutions

• No selling costs are required inA. monopolyB. monopolistic competitionC. perfect competitionD. oligopoly.
• AR and MR curves are downward sloping inA. perfect competitionB. okigopolyC. monopolyD. none of these.
• The forms of market in imperfect competition areA. monopolyB. okigopolyC. monopolistic competitionD. all of these.
• There are only a few sellers under :A. perfect competitionB. oligopolyC. monopolyD. oligopoly.
• If the firms under oligopoly produce a differentiated product, the industry is calledA. pure oligoplyB. imperfect oligopolyC. cooperative oligopolyD. non-copperative oligopoly.
• A seller cannot influence the market price under:A. perfect competitionB. monopolyC. monopolistic competitionD. all of the above
• Example of goods produced in a monopolistic form of marketA. Samsung T.V.B. Aata teaC. L.G. refrigeratorD. all of these.
• _____ curve is a horizontal straight line parallel to X-axis in perfect competition.A. ARB. MRC. botha (a) and (b)D. neiter (a) nor (b)
• There is no difference between a firm and an industry in :A. perfect competitionB. monopolyC. monopolistic competitionD. oligopoly.
• Freedom of entry and exit takes place inA. short runB. very short runC. long runD. all of these.