1. Which does not belong to the group of market structures?
a) Monopoly
Perfect Competition
b) Oligopoly
Market Competition
2. Which of the following is the most competitive market structure?
a) Perfect competition
C Oligopoly
b) Monopolistic competition
d) Monopoly
3 Which of the following is the least competitive market structure?
a) Perfect competition
c) Oligopoly
b) Monopolistic competition
d) Monopoly
4 Which of the following is NOT a feature of a monopolistic competition?
a) Numerous sellers
c) Numerous buyers
b) Product differentiation
d) Homogenous price
5 What market structure if price is the key for competing with other firms?
a) Monopoly
c) Monopolistic competition
b) Oligopoly
d) Perfect competition
6. When the revenue is equal to price, which types of market structure?
a) Competitive monopoly
c) Perfect competition
b) Oligopoly
All are types
7. Which of the following is NOT a type of market structure?
Competitive monopoly
c)
b) Oligopoly
d)
Perfect competition
All are types
8. If ABM firm sells its output in a market, with many sellers and buyers of
homogeneous product, and unlimited resource mobility, the structures is a/an
a) monopolist
c) perfect competitor
b) oligopolist
d) monopolistic competitor
9. If the ABM firm sells homogenous products in a market, with a single seller and
many buyers, for which there are no close substitutes to the products, it is a/an
a)
monopolist
c) perfect competitor
b)
oligopolist
d) monopolistic competitor
10. If ABM firm sells its differentiated products in a market, with many sellers and
buyers, the structure is a/an
a) monopolist
perfect competitor
b) oligopolist
d) monopolistic competition
Answers
Answer:
The poem ‘Road Not Taken’ by Robert Frost is about the dilemmas human beings face while making choices in a conflicting situation.
One morning the poet while enjoying morning walk came to a point where the road diverged into two roads. One road appeared to be more used than the other; it was worn out; there was less grass on it. However, the other one had plenty of grass in it signifying less people used it.
The poet made the choice of talking the less travelled road.
The two roads in the poem ‘The road Not Taken’ stand for a conflict of interests in which the poet has to make one choice. Here the two roads are symbolic of a real conflicting situation in his life. In America he had failed to become successful as a poet. So he decided to immigrate to England and try his luck there. However, he had his doubts. He was not sure whether he would be successful in England or not. So these roads symbolize conflict of interests. Every person in his/her life has to face similar situations.
Explanation: