List of top Economics Questions on Price and Output determination in Market asked in CUET (PG)

Which of the following does not hold at the equilibrium price and quantity in a perfectly competitive market?

Which of the following are correct in the context of monopolistic competition?

(A) Monopolistic competitive firms may earn economic profits or incur losses in the short-run.
(B) The long-run equilibrium position of a monopolistically competitive producer is far more efficient than that of pure competition.
(C) The firms may strive to increase the demand for its product through product development and advertising.
(D) Consumers benefit from the wide variety of product choices that monopolistic competition provides.
Choose the correct answer from the options given below:

Transfer pricing refers to:

If a group of countries abolish trade barriers between themselves and set common tariffs for other countries, this is known as:

Suppose a small country imposes an import tariff on a good. Which of the following statements is false?

Which of the following are instruments of trade policies?
(A) Tariffs
(B) Quotas
(C) Sales taxes
(D) Anti-dumping duties
Choose the correct answer from the options given below:

Match List-I with List-II:

List-I(Pricing Strategies)		List-II(Type of Price Dis crimination)
A	Locating individual consumers and charging each of them a unique price	I	Bundling
B	Dividing consumers into two markets with different elasticities and charging separate unique prices	II	Second degree price discrimi nation
C	Including extra units of another good with the main good sold and charging the consumer a higher price	III	First degree price discrimi nation
D	Charging customers a different price depending on day of the week	IV	Third degree price discrimi nation

Choose the correct answer from the options given below

Which of the following statements are correct?
(I) Monopolistic firms face a horizontal market demand curve
(II) Perfectly competitive firms sell differentiated products
(III) Output of one Cournot duopoly firm depends on the output of the other firm
(IV) Monopolistic firms do not have a supply curve
Choose the correct answer from the options given below: