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Model Paper 5 — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsModel Paper 51 Mark
MCQ
Excess capacity is a prominent feature of equilibrium under?
  • A
    Perfect competition
  • B
    gopoly
  • C
    Monopoly
  • ✓
    Monopolistic competition
✓

Answer

Correct option: D.
Monopolistic competition
(d) Monopolistic competition
Explanation: In monopolistic competition , the actual output supplied is always less than the potential output. A producer under monopolistic competition will not move towards the potential or ideal output as that will increase his MC and MC will become more than MR leading to losses.

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