30 Nov
May 11, 2020 Exam main

Multi-choice 10

Question

1. Limit pricing was introduced by

Answers

Clark

Bain

W. Andrews

None of these

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Question

2. Full cost pricing was introduced by

Answers

Clark

Hall Hitch

W. Andrews

None of these

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Question

3. Economists point out that scarcity confronts

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the rich but not the poor

the poor but not the rich

both the poor and the rich

neither the poor nor the rich

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Question

4. Price leader ship can be on the basis of

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lost cost price leader

dominant firm price leader

both of the above

None of the above

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Question

5.  Price leadership is a forms of

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monopolistic competition

monopoly

non - collusive oligopoly

collusive oligopoly

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Question

6.  Kinked demand curve is theory of

Answers

monopoly

non - collusive oligopoly

collusive oligopoly

None of these

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Question

7. Cartels is a forms of

Answers

collusive oligopoly

monopoly

non-collusive oligopoly

all of these

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Question

8. Study of collusive agreement is

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collusive oligopoly

non-collusive oligopoly

monopoly

all of these

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Question

9. Under MRTP act, dominant firm is one which has market shared of

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10%

20%

25%

30%

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Question

10. Scarcity requires that people must 

Answers

trade

compete

cooperate

make choices

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This exam is prepared by UAH