Question : In which market firm, a market or an industry is dominated by a single seller?

Option 1: Oligopoly

Option 2: Monopoly 

Option 3: Duopoly

Option 4: Monopolistic competition

Question : In which of the following market forms, a firm does not exercise control over price?

Option 1: Monopoly 

Option 2: Perfect competition 

Option 3: Oligopoly 

Option 4: Monopolistic competition 

Question : If the ___ firm has zero or only a fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

Option 1: perfect competition 

Option 2: monopoly 

Option 3: oligopoly 

Option 4: monopolistic competition

Question : Match the characteristics with their market structure:

(a) Difficult entry (often due to economies of scale)

(b) Can sell as much as it can at the market price

Option 1: (a) Monopolistic competition,

(b) Pure monopoly

Option 2: (a) Pure monopoly,

(b) Oligopoly

Option 3: (a) Oligopoly,

(b) Pure competition

Option 4: (a) Pure competition,

(b) Oligopoly

Question : In which among the following markets does a firm not exercise control over price?

Option 1: Mixed competition

Option 2: Monopoly

Option 3: Oligopoly

Option 4: Perfect competition