Test: Price And Output Determination- 3 - CA Foundation MCQ
30 Questions MCQ Test - Test: Price And Output Determination- 3
Under which market Condition firms make only normal profits in the long run?
In Oligopoly the kink in the demand curve is more due to _________.
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One of the essential conditions of Perfect Competition is:
1) What does the term ceteris paribus mean?
In perfect Competition when the firm is a price taker, which curve among the following will be a straight line?
In a perfectly competitive market, if MR is greater than MC, then a firm should-------.
Abnormal profits exist in the long run only under _______.
Selling outlay is an essential part of which of the following market situations?
Under monopoly, which of the following is correct:
In a competitive market, if price exceeds Average Variable Cost (AVC) but remains less than Average Cost (AC) at the equilibrium, the firm is:
Kinked demand curve is observed in ______.
In the ‘kinked-demand’ curve model, the upper portion of the demand curve is:
Selling costs have to be incurred in case of:
The distinction between a single firm and an Industry vanishes in which of the following market conditions?
Which one of the following statement is Incorrect?
In the ‘kinked-demand’ curve model, the upper portion of the demand curve is:
Kinked demand curve is related to which market structure
Price under perfect competition is determined by the _______.
Oligopoly having identical products is known as _______.
For price discrimination to be successful, the elasticity of demand for the commodity in the two markets should be:
One of the essential conditions of Perfect Competition is:
Under which market Condition firms make only normal profits in the long run?
Kinked demand curve is observed in ______.
In market, the price and output equilibrium is determined on the basis of:
“Price Discrimination” can be best exercised by the Seller in ________.
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