Test Preparation on CA/CS Foundation MCQ Questions Determination Of Markets-II

1.

When production is 30 units the Average Variable Cost is -

2.

When Production Is 50 units Marginal Cost is -

3.

To maximize profit the Firm should produce -

4.

If the Market Price drops from 51 to 47 the Firm should -

5.

Under Monopoly there is / are _____________ seller(s).

6.

Under Monopoly the product is -

7.

In Monopoly entry of new Firms -

8.

Under Monopoly each Firm is a ____________.

9.

A Monopoly will not be a Perfect Monopoly if cross elasticity of demand of the related goods is

10.

Which of the following best describes Monopoly?

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