Market and Revenue Curves Test 01 Mcqs Preparation Online Leave a Comment / Economics / By Shani Malik Market and Revenue Curves Test 01 Mcqs Preparation Online 1. In case of monopoly:A. Marginal revenue is always equal to average revenueB. Marginal revenue is always less than average revenueC. Marginal revenue curve always slopes upward D. Total revenue curve always slopes upward Loading... 2. In case of perfect competition in the market:A. Marginal revenue is always equal to average revenueB. Marginal revenue curve always slopes downwardC. Marginal revenue is always less than average revenueD. Marginal revenue curve always slopes upward Loading... 3. Which is not true:A. Perfect competition does not exist in real worldB. Every monopoly is evilC. Perfect monopoly does not exist in real world D. Every firm wants to reduce competition Loading... 4. This kind of market is undesirable:A. General marketsB. Local marketC. National marketD. Specialized Loading... 5. The major difference between perfect competition and monopolistic competition is:A. Free exist and entryB. Number of firmsC. Differentiated productD. Rate of profit Loading... 6. Which of the following markets comes closet to perfect market.A. Cigarette marketB. Wheat market C. Stock marketD. Cold drinks market Loading... 7. A firm under perfect competition is:A. Price takerB. Price shakerC. Price breakerD. Price maker Loading... 8. Which is a condition for existence of monopoly:A. Absence of government taxesB. Big sizeC. No close substituteD. Identical product Loading... 9. Which of the following is one of the assumptions of perfect competition.A. Many buyers and many sellersB. Few buyers and few sellersC. All sellers and buyers are honestD. Many buyers and few sellers Loading... 10. In the business world:A. A firm working under monopoly wants to become a competitive firm B. A firm working under perfect competition wants to become a monopolyC. Monopoly price is always higher than competitive priceD. Competitive price is always higher than monopoly price Loading... Loading... Related NTS Results Post:FBR Inspector Inland Revenue FPSC Jobs Roll No Slips…Biology Mcqs Test 14 Online PreparationBiology Mcqs Test 09 Online PreparationChemistry MCQs Test 07 Online PreparationBiology Mcqs Test 08 Online PreparationBiology Mcqs Test 06 Online PreparationBiology Mcqs Test 07 Online PreparationBiology Mcqs Test 11 Online Preparation
