Category: Economics Mcqs

(A) Total sales revenue will also increase by 50%
(B) Selling price will come down by 50%;
(C) Total sales revenue will decrease by 50%
(D) Profit will increase by 25%

(A) Limited entry and exit opportunity
(B) Single supplier
(C) Few customers
(D) All the three

(A) Firm in a competitive market
(B) Firm in a monopoly market
(C) Both
(D) None

(A) Always more than the Marginal revenue
(B) Always less than the Marginal revenue;
(C) Equal to marginal revenue
(D) Any of the above three possible

(A) Overlaps AR curve
(B) Is above the AR curve
(C) Lies half way between AR curve and the Y axis
(D) Is same as AR curve

(A) Monopolist are price takers
(B) Monopoly firm earn abnormal profits;
(C) A Monopoly firm faces straight demand line
(D) Supply curve of a monopoly firm is positive sloped

(A) For a monopoly firm AR can be zero
(B) For a monopoly firm MR can be zero or even negative
(C) For monopoly firm MR and AR are identical
(D) For a monopoly firm MR and AR are positive sloped

(A) Horizontal to X axis
(B) Kink at the price
(C) U shaped curve
(D) A liner line