Top 150+ Solved Micro Economics analysis MCQ Questions Answer

a. differing elasticity of demand

b. differing average cost

c. same elasticity

d. different average cost

a. both price and output

b. neither price and output

c. either price and output

d. none of the above

a. lower prices if it has lower elasticity

b. higher prices if it has lower elasticity

c. lower prices if it has higher elasticity

d. cannot say

a. changing qualities of the product

b. buying from the cheapest market

c. buying from firms

d. charging different prices in different markets

a. ac is minimum

b. tc=tr

c. tr and tc are parallel

d. tr is maximum

a. will increase his tr and total profit

b. can increase his tr and profit

c. cannot increase his tr and profit

d. will charge different prices in different market

a. no distinction between firm and industry

b. one firm no industry

c. no firm one industry

d. very few firms

a. equal to unity

b. less than unity

c. greater than zero

d. none of the above

a. equal to mc

b. less than mc

c. more than mc

d. equal to ac

a. very low

b. moderate

c. high

d. very high

a. first degree price discrimination

b. second degree price discrimination

c. third degree price discrimination

d. nine of the above

a. economic profit

b. only normal profit

c. losses

d. profit and losses, which are uncertain

a. under any market form

b. only under monopoly

c. only under monopolistic competition

d. only in perfect competition

a. alfred marshall

b. adam smith

c. a c pigou

d. j b say

a. large number of buyers and sellers

b. a single seller

c. fairly large number of buyers and sellers

d. a few sellers