300235

2 D 31884-A
ECO 3B 04—MICRO ECONOMICS—II
(Multiple Choice Questions for SDE Candidates)
1. Demand curve is perfectly elastic under :
(A) Perfect competition. (B) Monopoly.
(C) Monopolistic competition. (D) All of the above.
2. Few firms exist under :
(A) Perfect competition. (B) Oligopoly.
(C) Monopolistic competition. (D) Both perfect and monopolistic competition.
3. ‘Homogenous products is a characteristic of :
(A) Perfect competition only. (B) Perfect oligopoly only.
(C) Both (A) and (B). (D) None of the above.
4, At the shut-down point,
(A) P=AVC.
(8) TR=TVC.
(C) The total losses of the firm equal TFC.
(D) All of the above.
5. When the D curve is elastic, MR is:
(A) 1. (B) 0.
(C) Positive. (D) Negative.
6. Atthe best, or optimum, level of output for the pure monopolist :
(A) MR=SMC. (8) P=SMC.
(C) P=lowest SAC. ൧) Pis highest.
7. Price discrimination is an essential feature of :
(A) Perfect competition. (B) Oligopoly.

(C) Duopoly. (D) Monopoly.

300235