Forms of Market and Price Determination - Online Test
Q1. Is AR = price
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. AR is nothing but demand curve.
Answer : Option B
Explaination / Solution:
No Explaination.
Q3. The relationship between AR and MR when price is constant is
Answer : Option A
Explaination / Solution:
No Explaination.
Q4.
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. Automobile industry is an example of?
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. When a firm’s average revenue are more than its average total cost its profit will be?
Answer : Option A
Explaination / Solution:
No Explaination.
Q7. Which of the following is not an essential condition of pure competition:
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. In the long run competitive market?
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. Which one of the following statement is incorrect?
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. What should firm do when marginal revenue is greater than marginal cost?
Answer : Option A
Explaination / Solution:
No Explaination.
