Download App

Market Equilibrium — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMarket Equilibrium1 Mark
Question
In which market structure, price and output solution is indeterminate?
  1. Oligopoly.
  2. Monopolistic competition.
  3. Perfect competition.
  4. Monopoly.
✓

Answer

  1. Oligopoly.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Market Equilibrium→Market Equilibrium — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

A purely competitive firm's supply schedule in the short run is determined by ____________.
  1. Its average revenue.
  2. Its marginal revenue.
  3. Its marginal utility for money curve.
  4. Its marginal cost curve.
→
Price theory deals with:
  1. Product pricing
  2. Factor pricing
  3. Welfare economics
  4. All of the above
→
Whose value can be negative from the following:
  1. APS
  2. MPS
  3. APC
  4. MPC
→
What is the shape of production possibility curve?
  1. Convex.
  2. Concave.
  3. Straight line.
  4. None of these.
→
National income differs from net national product at market price by the amount ________.
  1. current transfers from the rest of the world.
  2. net indirect taxes.
  3. national debt interest.
  4. it does not differ.
→
Government transactions include _______ to keep the BOP in balance and which are not carried out for profits.
  1. borrowings from IMF and other financial institutions
  2. grants and donations
  3. foreign exchange reserve
  4. Both (a) and (C)
→
_______ refers to the flow of money across different sectors of the economy.
  1. Real flow.
  2. Circular flow.
  3. Money flow.
  4. Both (a) and (c).
→
When households and firms borrow from the financial market, they constitute ______.
  1. Leakage.
  2. Flow.
  3. Injection.
  4. None of these.
→
Average Revenue is equal to ______________.

  1. $\frac{\text{Total Revenue}}{\text{Quantity Sold}}$

  2. $\frac{\text{Average revenue}}{2}$

  3. $\frac{\text{Total Revenue}}{100}$

  4. $\frac{\text{Average Quantity}}{\text{Quantity Sold}}\times2$

→
Patent is:
  1. A guarantee of quality to consumers.
  2. An exclusive right to an inventor of a product.
  3. A control over some unique source.
  4. None of the above.
→