Market -Test 1

Which of the following is not an essential condition of pure competition?

Under which of the following forms of market structure does a firm has no control over the price of its product:

Given the relation MR= P(1-1/e) if e>1, then:

Profits of the firm will be more at :

What should firm do when Marginal revenue is greater than marginal cost ?

Under price discrimination depends upon:

Firms in a monopolistic market are price———–

Market which have two firms are known as —————–

Monopolist can determine ———-

The market structure in which the number of sellers is small and there is inter dependence in decision making by the firms is known as——–

In perfect competition, since the firm is a price taker, the ————– curve is a straight line.

Given the relation MR= P(1-1/e), if e<1, then ———-

For a discrimination monopolist the condition for equilibrium is ———–

Average revenue curve is also known as ———-

Given, AR=5 and Elasticity of demand =2 find MR.

IF a seller obtains Rs.3,000 after selling 50 units and Rs.3,100 after selling 52 units, then marginal revenue will be ———–

A firm will close down n the short period , if its AR is less than ———-

The market for ultimate consumer is known as ———

For a firm to become profitable it should expand output whenever:

On the basis of nature of transactions, a market may be classified into ———