Price Determination in Different Markets-Test 2

Price discrimination under monopoly depends on :

A monopolist has control over the price he charges for his product. He will  be able to maximize his profit by

The AR curve and Industry demand curve are same in case of

Under perfect competition the number of firms

Perfect competitive firms are

The imposition of ceiling on a monopolist’s price will affect his

A firm will shut-down its operation of its

Firm under perfect competition in the short run can earn only.

Price discrimination is possible

Monopolist’s demand curve slopes downward because

When the TR curve and the TC curve are parallel and TR exceed TC,

Only one price for identical goods at any one time is the essential condition.

Monopolistic competition constitutes

A monopolist will fix the equilibrium output of his product where the elasticity of his AR curve is ____ .

Equilibrium condition of profit maximizing firm is :

(i) Supply equals to demand

(ii) MR equals to AC

(iii) MR equals to MC

(iv) LMR equals to LAC

There is a single seller of a commodity which has no close substitutes can be termed as _____ .

Which one of the statement is correct in connection with monopolistic competitions ?

Which of the following assumption is correct in connection with oligopoly.

(i) If an oligopolist increase his price his rivals will follow

(ii) If an oligopolist increases his price his rivals will not follow

(iii) If an oligopolist increases his price his rivals will lower their price

(iv) If oligopolist decreases his price his rivals will not react

A market structure which has large number of firms producing and selling homogeneous product and the customers have full knowledge about the equilibrium price is ______ .

The market which has single seller, no-substitutes for the product and freedom to entry of new firms is completely blocked is the case of _____ .

The market, which has large numbers of seller, selling, differentiated product and freedom to entry and exit is an example of _____ .

The market in which the numbers of seller, is small and there is interdependence in decision making by the firms is known as _____ .

The monopolist charges different prices from different buyers is called ____ .

Charging different prices from different buyers for the same product is known as

In a perfectly competitive market ______ .

In which of the following types of market structure, do firms produce homogeneous product

In a perfectly, competitive market, the demand curve is ______ .

Given the cost conditions, which statement is correct.

In the perfect competition, if a new firm enters the industry in the long run, the supply curve _____ .

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