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Test: Market : Price Determination In Diff Markets


15 Questions MCQ Test Economics for CA CPT | Test: Market : Price Determination In Diff Markets


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Attempt Test: Market : Price Determination In Diff Markets | 15 questions in 15 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Economics for CA CPT for CA Foundation Exam | Download free PDF with solutions
QUESTION: 1

Under which of the following forms of market structure does a firm has no control over the price of its product: 

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QUESTION: 2

Given, AR = 5 and Elasticity of demand = 2 Find MR.

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QUESTION: 3

Under monopoly price discrimination depends upon: 

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QUESTION: 4

Average revenue curve is also known as:
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QUESTION: 5

n perfect competition, since the firm is a price taker, the _______ curve is a straight line: 
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QUESTION: 6

Marketing Management is the _________ of choosing target markets and getting, keeping and growing customers through creating, delivering and communicating superior customer value. 
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QUESTION: 7

Given the relation MR = P$left ( 1-1/e ight )$, if e < 1, then
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QUESTION: 8

Which of the following is not an essential condition of pure competition?
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QUESTION: 9

Market which have two firms are known as: 
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QUESTION: 10

MR of n the unit is given by: 
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QUESTION: 11

A firm will close down in the short period, if it’s AR is less than:
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QUESTION: 12

What should firm do when Marginal revenue is greater than marginal cost?
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QUESTION: 13

Profits of the firm will be more at: 
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QUESTION: 14

If a seller obtains Rs. 3,000 after selling 50 units and Rs. 3,100 after selling 52 units, then marginal revenue will be
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QUESTION: 15

For a discriminating monopolist the condition for equilibrium is: 
Solution:
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