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Chapters
1: Micro and Macro Economics - An Introduction
2: Demand and Law of Demand
3: Elasticity of Demand
4: Theory of Consumer's Behaviour : Cardinal Utility Analysis
5: Theory of Consumer's Behaviour : Indifference Curve Analysis
6: Supply and Law of Supply
7: Revenue Analysis
8: Cost Theory Analysis
▶ 9: Forms of Market
10: Concept of Production and Law of Returns
11: Equilibrium of Firm and Industry Under Perfect Competition
12: Producer's Equilibrium Under Perfect Competition
13: Price Output Under Perfect Competition
14: Price Output Determination Under Monopoly
15: Price Output Determination Under Monopolistic Competition and Oligopoly
Unit 2 : Theory of Income and Employment
16: Basic Concepts of Macro Economics
17: Aggregate Demand and Supply - Determinants of Equilibrium
18: Consumption Function {Propensity to Consume)
19: Concept of Investments-Types and Determinants
20: Multiplier - I : Static and Dynamic
21: Full Employment and Voluntary Unemployment
22: Problems of Deficient Demand and Excesss Demand
23: Measures to Correct Deficient and Excess Demand
Unit 3 : Money and Banking
24: Money - An Introduction
25: Bank and Commercial Bank
26: Central Bank
Unit 4 : International Trade
27: Balance of Payments
28: Foreign Exchange Rate
Unit 5 : Public Finance
29: Fiscal Policy
30: Budget
Unit 6 ; National Income
31: National Income and Circular Flow of Income
32: Concepts of National Income
33: Measurement of National Income
34: National Income and Economic Welfare
![R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 9 - Forms of Market - Shaalaa.com](/images/economics-english-class-12-isc_6:0ec86a6424ae41d2b0d71f72fec46101.jpg "R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 9 - Forms of Market")
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Solutions for Chapter 9: Forms of Market
Below listed, you can find solutions for Chapter 9 of CISCE R. K. Lekhi and P. K. Dhar for Economics [English] Class 12 ISC.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 9 Forms of Market TEST QUESTIONS [Pages 9.16 - 9.19]
SHORT ANSWER QUESTIONS
What is market?
Explain the features of a market.
Classify markets on the basis of geographical area.
Give classification of the market on the basis of ‘time’.
Give the classification on the basis of competition.
What is meant by Perfect competition?
Explain any four features of perfect competition.
What is a monopoly?
Mention two features of monopoly.
What is monopolistic competition?
Features of Monopolistic Competition.
What do you mean by imperfect competition?
Define the term oligopoly market.
In this chapter, we have discussed various types of market structure. However, there are other types of markets as well. What do you understand by the following type of market:
Duopoly
Give the difference between perfect and imperfect market.
State the features of duopoly.
Explain bilateral monopoly.
Define monopsony.
State main feature of monopsony.
LONG ANSWER QUESTIONS
What is market?
What factors are responsible for markets' wide extent?
What is market?
Write about the types of market and its functions.
Explain the features of a market.
Explain TR, MR and AR and show as to how they are related to each other.
What is meant by a monopoly market?
Distinguish between the following:
Perfect competition and Monopoly
‘Perfect Competition is a myth.’ Discuss. Give your opinion in support of your answer.
What is meant by Perfect competition?
Distinguish between the following:
Perfect competition and Monopoly
Define oligopoly.
Explain the features of Oligopoly.
Compare the features of different types of markets.
Features of Monopolistic Competition.
Compare the demand curve under monopolistic competition and monopoly.
What are the features of perfect competition?
Distinguish between Imperfect competition and monopolistic competition.
What factors are responsible for markets' wide extent?
Distinguish between Imperfect competition and monopolistic competition.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 9 Forms of Market EXAMINATION CORNER [Pages 9.19 - 9.20]
What are the features of perfect competition?
Mention the similarities between perfect competition and monopolistic competition.
What is monopolistic competition?
Give two examples of a monopolistically competitive market.
Define oligopoly.
Point out the essential features of pure competition.
Mention two features of monopoly.
Identify the market that has a characteristic of perfect substitutes. Give one reason for your answer.
In which form of market is the seller a price taker? Justify your answer.
Under what market condition does Average Revenue always equal Marginal Revenue? Explain.
Explain the implication of ‘freedom of entry and exit to the firms’ under perfect competition.
What is the significance of ‘freedom of entry and exit of firms’ under monopolistic competition?
Explain the following concept.
Product Differentiation
Distinguish between the following:
Perfect competition and Monopoly
Mention the similarities between perfect competition and monopolistic competition.
Differentiate between monopoly and monopsony.
Discuss how under perfect competition, a firm is a ‘price-taker’.
Discuss how under perfect competition, the industry is a ‘price-maker’.
Distinguish between monopoly and perfect competition based on the AR curve.
Distinguish between monopoly and perfect competition based on control over the market price.
Distinguish between monopoly and monopolistic competition on the basis of average revenue curves.
Distinguish between monopoly and monopolistic competition on the basis of entry of firms.
What is the selling cost?
Which kind of market does not need selling costs?
Highlight any three differences between monopolistic competition and oligopoly.
Define monopolistic competition.
Features of Monopolistic Competition.
Define oligopoly.
Explain the features of Oligopoly.
Explain the features of Oligopoly.
Distinguish between Oligopoly and Monopoly.
Distinguish between the following:
Perfect competition and Monopolistic competition
State main feature of monopsony.
Mention two features of monopoly.
Explain the features of Oligopoly.
Explain any four features of perfect competition.
Solutions for 9: Forms of Market
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 9 - Forms of Market
Shaalaa.com has the CISCE Mathematics Economics [English] Class 12 ISC CISCE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. R. K. Lekhi and P. K. Dhar solutions for Mathematics Economics [English] Class 12 ISC CISCE 9 (Forms of Market) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
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Concepts covered in Economics [English] Class 12 ISC chapter 9 Forms of Market are Concept of Market, Market Structure, Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly, Demand Curves of Firms under Different Market Forms, Comparison between different forms of market, Concept of Monopsony, Classification of Market Structure, Duopoly, Bilateral Monopoly, Other Forms of Market, Factors Determining Market / Extent of Market.
Using R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC solutions Forms of Market exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in R. K. Lekhi and P. K. Dhar Solutions are essential questions that can be asked in the final exam. Maximum CISCE Economics [English] Class 12 ISC students prefer R. K. Lekhi and P. K. Dhar Textbook Solutions to score more in exams.
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