Forms of Market and Price Determination Test

Result

Forms of Market and Price Determination Test - 3

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

A firm under monopolistic competition exercises partial control over price through:

A
product differentiation

B
price discrimination

C
non-price competition

D
all of these
Question 2
1 / -0

Product differentiation under monopolistic competition is often supported with:

A
heavy advertisement expenditure

B
selling costs

C
non-price competition

D
both (a) and (b)
Question 3
1 / -0

In comparison to monopoly, the demand curve under monopolistic competition is:

A
infinitely elastic

B
equally elastic

C
more elastic

D
less elastic
Question 4
1 / -0

Large number of close substitutes of the product are available under:

A
monopoly

B
monopolistic competition

C
both (a) and (b)

D
none of these
Question 5
1 / -0

Monopolistic competition combines the features of:

A
perfect competition and monopoly

B
monopoly and oligopoly

C
perfect competition and oligopoly

D
none of these
Question 6
1 / -0

A market strategy adopted by a firm to increase its market share through advertisement is called:

A
perfect competition

B
pure competition

C
price competition

D
non-price competition
Question 7
1 / -0

In the context of monopolistic competition, which one of the following is correct?

A
Selling costs are very significant

B
Demand curve is perfectly elastic

C
Perfect knowledge among buyers

D
Full control over price
Question 8
1 / -0

The market form in which there are a few big firms is called:

A
monopoly

B
oligopoly

C
duopoly

D
none of these
Question 9
1 / -0

Firm’s demand curve under oligopoly is:

A
less elastic

B
more elastic

C
indeterminate

D
none of these
Question 10
1 / -0

In oligopoly, the products are:

A
homogeneous only

B
differentiated only

C
either homogeneous or differentiated

D
none of these

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Forms of Market and Price Determination Test - 3

Result

Forms of Market and Price Determination Test - 3

Score

-

Rank

-

SHARING IS CARING

Question 1

product differentiation

price discrimination

non-price competition

all of these

Question 2

heavy advertisement expenditure

selling costs

non-price competition

both (a) and (b)

Question 3

infinitely elastic

equally elastic

more elastic

less elastic

Question 4

monopoly

monopolistic competition

both (a) and (b)

none of these

Question 5

perfect competition and monopoly

monopoly and oligopoly

perfect competition and oligopoly

none of these

Question 6

perfect competition

pure competition

price competition

non-price competition

Question 7

Selling costs are very significant

Demand curve is perfectly elastic

Perfect knowledge among buyers

Full control over price

Question 8

monopoly

oligopoly

duopoly

none of these

Question 9

less elastic

more elastic

indeterminate

none of these

Question 10

homogeneous only

differentiated only

either homogeneous or differentiated

none of these

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.