Class XII

The demand curve of which of the following forms cannot be determined
  1. Perfect Competition
  2. Oligopoly
  3. Monopoly
  4. Duopoly
Average revenue for any quantity level can be measured by the slope of the total revenue curve.
  1. True
  2. None of these
  3. Can’t say
  4. False
Price discrimination is possible only when the
  1. None of above
  2. Goods are homogeneous
  3. Seller is alone
  4. Market is controlled by the government
The monopolist’s profit is maximized at that level of output for which
  1. MR is minimum
  2. TR is minimum
  3. TR is the maximum
  4. MR is maximum
The market structure in which the number of sellers is small and there is interdependence in decision making by the firms is known as
  1. Perfect competition
  2. Monopoly
  3. Monopolistic competition
  4. Oligopoly
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