Managerial Economics 1 MCQs

P

Priyanka Tomar • 31.09K Points
Instructor I

Q 31. The monopoly can be controlled by:

(A) Social boycott
(B) Antimonopoly legislation
(C) Public ownership
(D) All of these

S

Shiva Ram • 26.21K Points
Instructor II

Q 32. Which are not the features of oligopoly?

(A) Few sellers
(B) Advertising and sales promotion
(C) One firm
(D) Conflicting attitudes of firms

A

Admin • 32.61K Points
Instructor I

Q 33. The causes of emergence of monopoly is/are:

(A) Concentration of ownership of raw materials
(B) State regulation
(C) Public utility services
(D) All of these

R

Ranjeet • 30.27K Points
Instructor I

Q 34. Which are the characteristics of monopoly?

(A) Single seller or producer
(B) No close substitutes
(C) Inelastic demand curve
(D) All of these

R

Ram Sharma • 193.65K Points
Coach

Q 35. Which is/are the salient features of monopolistic competition?

(A) Large number of sellers
(B) Normal profit
(C) Free entry and exit of firms in industry
(D) All of these

R

Ram Sharma • 193.65K Points
Coach

Q 36. Which is the feature of perfect competition?

(A) Large number of buyers and sellers
(B) Freedom of entry and exit
(C) Normal profit in the long run
(D) All of these

S

Shiva Ram • 26.21K Points
Instructor II

Q 37. Pricing methods are:

(A) Standard cost method
(B) Learning curve method
(C) Marginal cost method
(D) All of these

R

Ram Sharma • 193.65K Points
Coach

Q 38. Which factors is/are influencing price policy?

(A) Cost of product
(B) Time factor
(C) Government policy
(D) All of these

A

Admin • 32.61K Points
Instructor I

Q 39. When all the productive services are increased in a given proportion, the product is increased in the same proportion. This situation is called:

(A) Law of increasing
(B) Situation of constant returns
(C) Fixed cost
(D) Variable cost

R

Ram Sharma • 193.65K Points
Coach

Q 40. A firm that is the sole seller of a product without close substitutes called:

(A) Monopoly
(B) Oligopoly
(C) Competition
(D) Bureaucracy

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