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CA Foundation Exam  >  CA Foundation Tests  >  Test: Price And Output Determination- 4 - CA Foundation MCQ

Test: Price And Output Determination- 4 - CA Foundation MCQ


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30 Questions MCQ Test - Test: Price And Output Determination- 4

Test: Price And Output Determination- 4 for CA Foundation 2024 is part of CA Foundation preparation. The Test: Price And Output Determination- 4 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Price And Output Determination- 4 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Price And Output Determination- 4 below.
Solutions of Test: Price And Output Determination- 4 questions in English are available as part of our course for CA Foundation & Test: Price And Output Determination- 4 solutions in Hindi for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Price And Output Determination- 4 | 30 questions in 30 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study for CA Foundation Exam | Download free PDF with solutions
Test: Price And Output Determination- 4 - Question 1
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OPEC is an example of : 

Detailed Solution for Test: Price And Output Determination- 4 - Question 1

OPEC is an example of oligopoly. This is because it consists of a group of oil-producing countries that collaborate to control production and prices in the oil market, but there are also other producers outside of OPEC that can influence the market

Test: Price And Output Determination- 4 - Question 2
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 __________ type of curve is found in oligopoly.

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Test: Price And Output Determination- 4 - Question 3
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 Which one of the following statement is Incorrect?

Test: Price And Output Determination- 4 - Question 4
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A competitive firm in the short run incure losses. The firm continue production, if:
Test: Price And Output Determination- 4 - Question 5
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 If under perfect competition, the price line lies below the average cost curve, the firm would : 
Test: Price And Output Determination- 4 - Question 6
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In oligopoly, the kink on the demand curve is more due to _________
Test: Price And Output Determination- 4 - Question 7
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The demand curve of the firm and industry will be same in which form of market: 
Test: Price And Output Determination- 4 - Question 8
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What are the conditions for the long run equilibrium of the competitive firm?
Test: Price And Output Determination- 4 - Question 9
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Demand curve is equal to MR curve in which market?
Test: Price And Output Determination- 4 - Question 10
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 Competitive firms in the long run earn: 
Test: Price And Output Determination- 4 - Question 11
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 Price taker firms _________
Test: Price And Output Determination- 4 - Question 12
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__________ is the price at which demand for a commodity is equal to its supply: 
Test: Price And Output Determination- 4 - Question 13
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Under which market structure, average revenue of a firm is equal to its marginal revenue :
Test: Price And Output Determination- 4 - Question 14
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Under which Market Situation demand curve is linear and parallel to X-axis:
Test: Price And Output Determination- 4 - Question 15
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 Oligopoly having identical products is known as _______.
Test: Price And Output Determination- 4 - Question 16
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 In the ‘kinked-demand’ curve model, the upper portion of the demand curve is:
Test: Price And Output Determination- 4 - Question 17
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Abnormal profits exist in the long run only under _______.
Test: Price And Output Determination- 4 - Question 18
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Which of these is the best example of oligopoly?
Test: Price And Output Determination- 4 - Question 19
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 In perfect Competition when the firm is a price taker, which curve among the following will be a straight line?
Test: Price And Output Determination- 4 - Question 20
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 Demand curve is equal to MR curve in which market?
Test: Price And Output Determination- 4 - Question 21
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For price discrimination to be successful, the elasticity of demand for the commodity in the two markets should be:
Test: Price And Output Determination- 4 - Question 22
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In a competitive market, if price exceeds Average Variable Cost (AVC) but remains less than Average Cost (AC) at the equilibrium, the firm is:
Test: Price And Output Determination- 4 - Question 23
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 In the long run a monopolist always earns
Test: Price And Output Determination- 4 - Question 24
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 In the long run monopolist can 
Test: Price And Output Determination- 4 - Question 25
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OPEC is an example of : 
Test: Price And Output Determination- 4 - Question 26
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A perfect market is characterized by:-
Test: Price And Output Determination- 4 - Question 27
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Which market have characteristic of product differentiation?
Test: Price And Output Determination- 4 - Question 28
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When elasticity of demand is Equal to one in monopoly, marginal Revenue will be _______.
Test: Price And Output Determination- 4 - Question 29
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Under which market Condition firms make only normal profits in the long run?
Test: Price And Output Determination- 4 - Question 30
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Price discrimination is possible only when. 
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