Worksheet for Class 11 Economics Part A Microeconomics Chapter 6 Non Competitive Markets
Class 11 Economics students should refer to the following printable worksheet in Pdf for Part A Microeconomics Chapter 6 Non Competitive Markets in Grade 11. This test paper with questions and solutions for Standard 11 Economics will be very useful for tests and exams and help you to score better marks
Part A Microeconomics Chapter 6 Non Competitive Markets Class 11 Economics Worksheet Pdf
NON-COMPETITIVE MARKET
I. Answer in one sentence only.
1. Define monopolistic competition.
2. What could be the elasticity of demand when MR is zero?
3. Why is AR curve steeper under monopoly compared to that of perfect competition?
4. What is the slope of TR called?
5. What could be the MR when a firm makes maximum profit under zero cost condition?
6. Define Oligopoly.
7. What does differentiated product mean?
II. Answer in 30 words each.
8. What are the basic features of monopoly market?
9. Why is a firm under monopoly considered as price maker?
10. Explain the significance of the feature freedom of entry and exit under monopolistic competition.
11. Discuss the relationship between TR and MR under Monopoly.
III. Explain in 40 words each
12. Briefly explain the equilibrium of a firm under monopoly using TR and TC curves.
13. What the basic features of Monopolistic competition?
14. What are the possible merits of monopoly market?
IV. Answer in 100 words.
15. Compare monopoly and perfect competition in terms of their equilibrium level of output. Use diagram
16. Briefly explain the equilibrium level of output of a firm under conditions of monopoly using MC and MR curves in the short run.
17. Distinguish between monopoly and monopolist competition.
Please click on below link to download CBSE Class 11 Economics Non Competitive Market Worksheet
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