Non Competitive Markets MCQ Questions Class 12 Economics Chapter 6
NCERT MCQ Questions for Class 12 Economics Chapter 6 Non Competitive Markets. Non Competitive Markets MCQ Questions with Answers from Class 12 Economics.
1.) If in market there is one firm and many buyers is called
(a) a monopoly.
(b) Perfect competition
(c) both (a) and (b)
(d) None of the above
Ans – Option (a)
2.) A market that has a small number of large firms is
(a)an monopoly
(b)an oligopoly
(c)prefect competition
(d)None of the above
Ans – Option (b)
3.) The quantities that consumers as a whole are willing to purchase at different prices shown by
(a)Supply curve
(b)Average revenue curve
(c)Demand curve
(d)None of the above
Ans -Option (c)
4.) TR does not increase by the same amount for every unit increase in quantity
(a)False
(b)Ture
Ans – Option (b)
5.) The MR values also have a relation with the
(a)price elasticity of demand
(b) Marginal revenue
(c) Average Revenue
(d)Total revenue
Ans – Option (a)
6.) Profit = ……………– Total cost
(a)Marginal revenue
(b) Average Revenue
(c)Total revenue
(d)None of the above
And -Option (c)
For more ⇓
- Economics MCQ Class 12 The Theory of the firm under Perfect Competition
- Economics MCQ Class 12 Market Equilibrium
- NCERT Accountancy MCQ for Class 12
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