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

Consider the statements about monopolistic competition: A. Firms faces downward sloping demand curve, B. Excess capacity is a long run property, C. Firm is price taker, D. Product differentiations is essential in this market, E. Selling costs are significant.
The following two characteristics define a particular type of market: A. Close substitute products are sold by firms B. Free entry and exit of firms. Select the correct option from below.
Which of the following does not hold at the equilibrium price and quantity in a perfectly competitive market?
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)

ALocating individual consumers and charging each of them a unique priceIBundling
BDividing consumers into two markets with different elasticities and charging separate unique pricesIISecond degree price discrimi nation
CIncluding extra units of another good with the main good sold and charging the consumer a higher priceIIIFirst degree price discrimi nation
DCharging customers a different price depending on day of the weekIVThird 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: