Forms of Market and Price Determination - Online Test
Q1. Perfectly competitive firm faces?
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. Price taker firms
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. The relationship between TR and MR when price is constant.
Answer : Option D
Explaination / Solution:
No Explaination.
Q4. The break- even point is where TR=TC
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. The break- even point is where MR=MC
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. Condition for producer equilibrium is:
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. For maximum profit, the condition is:
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. ____________ is an ideal market?
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. Under which market situation demand curve is linear and parallel to X-axis?
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. For a monopolist, the necessary condition for equilibrium is?
Answer : Option D
Explaination / Solution:
No Explaination.
