Forms of market & its equilibrium – Test 2

In the above table, then firm-

The term monopoly means a-

The monopolist is-

A monopoly firm faces a ….. fir his product.

Which of the following is feature of ‘Monopoly Firm’?

Which of the following is not a feature of ‘Monopoly Firm’?

Which of the following is not a feature of ‘Monopoly Firm’?

All of the following are characteristics of a monopoly except: _________

In a monopoly, the monopolist can-

According to “total revenue & total cost” approach, a monopoly firm attains equilibrium when the difference between its total revenue and total cost is the ………..

According to “Marginal revenue marginal cost approach” approach, a monopoly firm attains equilibrium when-

During short run monopolist may-

The art of selling the same commodity produced under a single control to different buyers at different prices is called-

Essential condition(s) for price discrimination is/are-

Essential condition(s?) for price discrimination is/are-

__________is the basic objective before a discriminating monopolist.

Under price discrimination, the seller charges _________ in market having the less elastic demand.

Under price discrimination, the seller charges ……….. in a market having elastic demand.

A non discriminating monopolist will find that marginal revenue ………..

A monopolist is able to maximize his profits when

Discriminating monopoly implies that the monopolist charges different prices for his commodity

Price discrimination will be profitable only if the elasticity of demand in different market in which the total market has been divided is

A monopolistic compition is defined as that market structure in which each seller produces a ……….

The concept of product differentiation means that …….

Which of the following method is adopted for product differentiation?