Price Determination in Different Markets-Test 5

One equates price and MC to maximize profit the other one equates MC and MR for the same purpose they are :

The average profit is regarded as the difference between

The marginal product of the variable factors is at a maximum, where the marginal cost of the output is

Which of the following is true regarding monopolistic competition.

Under perfect competition

Interdependency is a prominent feature of which market form ?

Which of the following is not a characteristic of Oligopolistic market form ?

If an individual seller, in a perfectly competitive market, wishes to double his sales, he would

The short-run supply curve of a firm under perfect competition is the same as

A profit maximizing firm will stop production in the short run if price is

Which of the following is not correct about ?

A queue of a large number of farmers before a single cold storage in the area is a case of

Even in the long run equilibrium, the pure monopolist can make abnormal profits because of

Kinked demand curve is related to

Which of the following is not normally characteristic of an oligopolistic market ?

Which of the following is likely to confirm the presence of monopoly power in the market ?

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

The average revenue curve of a firm in perfect competition is :

One of the features of oligopoly is

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

Under which market structure, average revenue of a firm is equal to its marginal revenue :

If a seller realizes Rs.10,000 after selling 100 units and Rs.14,000 after selling 120 units. What is the marginal revenue here ?

Under which market condition, though the firms earn normal profits in the long run, there is always excess capacity with them

Price discrimination is profitable when :

Which of the following statements is incorrect ?

A firm in long run equilibrium under monopolistic competition makes only

Monopolistic competition differs from perfect competition due to

Monopolistic can fix

Selling costs are incurred under monopolistic competition to

Competitors in monopolistic competition have full control over