Forms of market & its equilibrium – Test 3

Which of the following is/are feature of monopolistic competition?

Which of the following is/are feature of monopolistic competition?

Which of the following is not feature of monopolistic competition?

Which of the following is not a characteristic of monopolistic competition?

Monopolistic competition differs from perfect competition primarily because-

In short run a firm operating under monopolistic competition may-

In monopolistic competition, firms earn only _______ in the long run.

A monopolist will maximize profit-

The long-run equilibrium outcomes in monopolistic competition and perfect competition are similar, because in both market structures

Which of the following is not a characteristic of a monopolistically competitive market?

Free entry and exit condition exist in-

The structure of the cold drink industry in India is best described as

Single firm in industry is feature of-

Large number of buyer exists in-

Which of the following statement is incorrect?

Uniform price is a feature of-

Firm in industry is ‘price taker’. This is feature of-

Firm in industry is ‘price maker’. This is feature of-

Price elasticity of demand for individual firm is perfectly elastic. This is feature of-

Product differentiation is a feature of-

No selling costs exist. This is feature of-

Tooth paste industry is example of-

Price discrimination take place in-

Under which market situation demand curve is linear and parallel to X-Axis?

AR=MR=P, is a feature of-