Its free, enjoy learning !

Multi Choice Online Exam on Micro Economics-10

admin
Test

Multi-choice 10

Question

1. Limit pricing was introduced by

Answers

Clark

Bain

W. Andrews

None of these

Feedback

Question

2. Full cost pricing was introduced by

Answers

Clark

Hall Hitch

W. Andrews

None of these

Feedback

Question

3. Economists point out that scarcity confronts

Answers

the rich but not the poor

the poor but not the rich

both the poor and the rich

neither the poor nor the rich

Feedback

Question

4. Price leader ship can be on the basis of

Answers

lost cost price leader

dominant firm price leader

both of the above

None of the above

Feedback

Question

5.  Price leadership is a forms of

Answers

monopolistic competition

monopoly

non – collusive oligopoly

collusive oligopoly

Feedback

Question

6.  Kinked demand curve is theory of

Answers

monopoly

non – collusive oligopoly

collusive oligopoly

None of these

Feedback

Question

7. Cartels is a forms of

Answers

collusive oligopoly

monopoly

non-collusive oligopoly

all of these

Feedback

Question

8. Study of collusive agreement is

Answers

collusive oligopoly

non-collusive oligopoly

monopoly

all of these

Feedback

Question

9. Under MRTP act, dominant firm is one which has market shared of

Answers

10%

20%

25%

30%

Feedback

Question

10. Scarcity requires that people must
 

Answers

trade

compete

cooperate

make choices

Feedback

This practice type exam is prepared by www.myeconomics.info

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent post

Tags

Categories