Which of the following is not the feature of an imperfect competition?
  • Large number of buyers
  • Single seller
  • Homogeneous products
  • Price maker
A monopolist is a price
  • Acceptor
  • Taker
  • Giver
  • Maker
The firm and the industry are one and the same in:
  • Monopolistic competition
  • Monopoly
  • Duopoly
  • Oligopoly
Which of the following is not a characteristic feature of imperfect competition?
  • Prices vary from seller to seller
  • All the products are homogeneous
  • Profits of the seller is included in the price
  • None of above
Market which has two firms is known as
  • Duopoly
  • Monopolistic Competition
  • Oligopoly
  • None of These
Under which of the following forms of market structure a firm has no control over the price of its product?
  • Monopoly
  • Perfect competition
  • Oligopoly
  • Monopolistic competition
Oligopoly having identical products is known as
  • Pure oligopoly
  • Collusive oligopoly
  • Independent oligopoly
  • None of above
Price discrimination can take place only in
  • Perfect competition
  • Oligopoly
  • Monopolistic competition
  • Monopoly
Which market have characteristic of product differentiation
  • Monopolistic competition
  • Oligopoly
  • Monopoly
  • Perfect competition
Under monopoly form of market, TR is maximum when
  • MR is maximum
  • MR < 0
  • MR > 0
  • MR is zero
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