Groundnut crop is the monopoly of ?

Related Mcqs:

1. Groundnut crop is the monopoly of ?

   A. Indonesia
   B. Bangladesh
   C. Pakistan
   D. India

2. Groundnut crop is the monopoly of ____________?

   A. Indonesia
   B. Bangladesh
   C. Pakistan
   D. India

3. The use of the word “monopoly” in the name of the market structure called “monopolistic competition” refers to the fact that ?

   A. monopolistically competitive firms charge prices equal to their marginal costs just like monopolists
   B. a monopolistically competitive firms faces a downward-sloping demand curve for its differentiated product and so does a monopolist
   C. monopolistically competitive markets have free entry and exit just like a monopolistic market
   D. monopolistically competitive firms produce beyond their efficient scale and so do monopolists

4. In monopoly when abnormal profits are made ?

   A. The price set is greater than the marginal cost
   B. The price is less than the average cost
   C. The average revenue equals the marginal cost
   D. Revenue equals total cost

5. Which of the following is a characteristic of pure monopoly ?

   A. One seller of the product
   B. low barriers to entry
   C. close substitute products
   D. perfect information

6. The marginal revenue curve in monopoly ?

   A. Equals the demand curve
   B. Is parallel with the demand curve
   C. Lies below and converges with the demand curve
   D. Lies below and diverges from the demand curve

7. In monopoly in long run equilibrium ?

   A. The firm is Productively efficient
   B. The firm is allocatively inefficient
   C. The firm produces where marginal cost is less than marginal revenue
   D. The firm produces at the socially optimal level

8. Compared to a perfectly competitive market a monopoly market will usually generate ?

   A. higher prices and lower output
   B. higher prices and higher output
   C. lower prices and lower output
   D. lower prices and higher output

9. The problem posed by a natural monopoly is that it faces a _____ This means that _______?

   A. increasing average cost curve, marginal cost lies above average cost
   B. increasing average cost curve, marginal cost lies below average cost
   C. decreasing average cost curve marginal cost lies above average cost
   D. decreasing average cost curve, marginal cost lies below average cost

10. Monopoly advantage is usually the result of greater opportunities such as ?

    I- access to more economic information than competitors
    II- superior access to training and education
    III- a lower discount of future earnings
    IV- larger firm size

    A. I and II only
    B. II and III only
    C. I, II and III only
    D. I, II, III, and IV