Managerial Economics 1 Set 11

Bachelor of Business Administration (BBA)

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This set of Managerial Economics 1 Multiple Choice Questions & Answers (MCQs) focuses on Managerial Economics 1 Set 11

Q1 | The condition for the long run equilibrium of a perfectly competitive firm
Q2 | Product differentiation is the important feature of
Q3 | The no. of firms under oligopoly is
Q4 | The law of diminishing returns applies more to
Q5 | The opportunity cost of a given activity is
Q6 | The function of combining the other factors of production is done by
Q7 | The factors used in the production
Q8 | In a perfect market both buyers and sellers are
Q9 | Which is the determinant of the pricing policy of a firm?
Q10 | Information for pricing decisions involves:
Q11 | Which is the reason of skimming price?
Q12 | Which is the condition of for market penetration?
Q13 | Production may be defined as an act of:
Q14 | The demand curve of a firm in the case of perfect competition is:
Q15 | The implication of the kinked demand curve is reflected in a discontinuity in the:
Q16 | A firm that is the sole seller of a product without close substitutes called:
Q17 | When all the productive services are increased in a given proportion, the product isincreased in the same proportion. This situation is called:
Q18 | Which factors is/are influencing price policy?
Q19 | Pricing methods are:
Q20 | Which is the feature of perfect competition?
Q21 | Which is/are the salient features of monopolistic competition?
Q22 | Which are the characteristics of monopoly?
Q23 | The causes of emergence of monopoly is/are:
Q24 | Which are not the features of oligopoly?
Q25 | The monopoly can be controlled by:
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