MCQ Questions for Class 11 Economics Chapter 6 Non-competitive Markets with Answers

Check the below NCERT MCQ Questions for Class 11 Economic with Answers Pdf free download. MCQ Questions for Class 11 Economic with Answers were prepared based on the latest exam pattern. We have provided Class 11 Economic MCQs Questions with Answers to help students understand the concept very well.


Q1. A monopolistic is a price

a)Acceptor
b)Taker
c)Giver
d)Maker

b)Taker


Q2. The demand curve of Oligopoly is?

a)Kinked
b)Vertical
c)Horizontal
d)Rising left to Right

a)Kinked


Q3. The concept of the supply curve is relevant only for?

a)Oligopoly
b)Monopoly
c)Monopolistic Competition
d)Perfect Competition

d)Perfect Competition


Q4. In perfect competition, when the marginal revenue and marginal cost are equal, profit it?

a)Zero
b)Average
c)Maximum
d)Negative

c)Maximum


Q5. Which of the below-mentioned option is not mentioned in imperfect competition?

a)A large number of buyers
b)Single sellers
c)Similar/Homogenous product
d)Price maker

c)Similar/Homogenous product


Q6. In perfect competition, a company earns an abnormal profit when average revenue exceeds the?

a)Total revenue
b)Average cost
c)Total fixed cost
d)Marginal revenue

b)Average cost


Q7. In the monopolistic market, which curves lie below the demand curve and slopes downward?

a)Marginal cost
b)Average cost
c)Average revenue
d)Marginal revenue

a)Marginal cost


Q8. When a negative sloping straight-line demand curve, the total revenue curve is.

a)A rectangle hyperbola
b)Convex to the original
c)An inverted vertical parabola
d)Concave to the origin

c)An inverted vertical parabola


Q9. Cartels exist in.

a)Oligopoly
b)Duopoly
c)Monopoly
d)Perfect competition

c)Monopoly


Q10. In monopolistic competition the goods are.

a)Durable
b)Differentiated
c)Heterogeneous
d)Homogeneous

b)Differentiated


Q11. Which market has characteristics of product differentiation

a)Monopolistic competition
b)Oligopoly
c)Monopoly
d)Perfect competition

a)Monopolistic competition


Q12. Under which of the following forms of market structure a firm has no control over the price of its product?

(a) Monopoly
(b) Perfect competition
(c) Oligopoly
(d) Monopolistic competition

(b) Perfect competition


Q13. Oligopoly having identical products is known as

(a) Pure oligopoly
(b) Collusive oligopoly
(c) Independent oligopoly
(d) None of above

(a) Pure oligopoly


Q14. Price discrimination can take place only in

(a) Perfect competition
(b) Oligopoly
(c) Monopolistic competition
(d) Monopoly

(d) Monopoly


Q15. Which market have characteristic of product differentiation

(a) Monopolistic competition
(b) Oligopoly
(c) Monopoly
(d) Perfect competition

(a) Monopolistic competition


Q16. Under monopoly form of market, TR is maximum when

(a) MR is maximum
(b) MR < 0 (c) MR > 0
(d) MR is zero

(d) MR is zero


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