Tamil Nadu Board of Secondary EducationHSC Arts Class 11

# Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 5 - Market Structure and Pricing [Latest edition]

## Solutions for Chapter 5: Market Structure and Pricing

Below listed, you can find solutions for Chapter 5 of Tamil Nadu Board of Secondary Education Tamil Nadu Board Samacheer Kalvi for Class 11th Economics Answers Guide.

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D
Model Questions - Part A [Pages 117 - 118]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 5 Market Structure and Pricing Model Questions - Part A [Pages 117 - 118]

#### Multiple Choice Questions

Model Questions - Part A | Q 1 | Page 117

In which of the following is not a type of market structure Price will be very high?

• Perfect competition

• Monopoly

• Duopoly

• Oligopoly

Model Questions - Part A | Q 2 | Page 117

Equilibrium condition of a firm is ______.

• MC = MR

• MC > MR

• MC < MR

• MR = Price

Model Questions - Part A | Q 3 | Page 117

Which of the following is a feature of monopolistic competition?

• One seller

• Few sellers

• Product differentiation

• No entry

Model Questions - Part A | Q 4 | Page 117

A firm under monopoly can earn ______ in the short run.

• Normal profit

• Loss

• Super normal profit

• More loss

Model Questions - Part A | Q 5 | Page 117

There is no excess capacity under ______.

• Monopoly

• Monopolistic competition

• Oligopoly

• Perfect competition

Model Questions - Part A | Q 6 | Page 117

Profit of a firm is obtained when ______.

• TR < TC

• TR - MC

• TR > TC

• TR = TC

Model Questions - Part A | Q 7 | Page 117

Another name of price is ______.

• Average Revenue

• Marginal Revenue

• Total Revenue

• Average Cost

Model Questions - Part A | Q 8 | Page 117

In which type of market, AR, and MR are equal ______.

• Duopoly

• Perfect competition

• Monopolistic competition

• Oligopoly

Model Questions - Part A | Q 9 | Page 117

In monopoly, MR curve lies below ______.

• TR

• MC

• AR

• AC

Model Questions - Part A | Q 10 | Page 117

Perfect competition assumes ______.

• Luxury goods

• Producer goods

• Differentiated goods

• Homogeneous goods

Model Questions - Part A | Q 11 | Page 118

Group equilibrium is analysed in ______.

• Monopolistic competition

• Monopoly

• Duopoly

• Pure competition

Model Questions - Part A | Q 12 | Page 118

In monopolistic competition, the essential feature is ______.

• Same product

• selling cost

• Single seller

Model Questions - Part A | Q 13 | Page 118

Monopolistic competition is a form of ______.

• Oligopoly

• Duopoly

• Imperfect competition

• Monopoly

Model Questions - Part A | Q 14 | Page 118

Price leadership is the attribute of ______.

• Perfect competition

• Monopoly

• Oligopoly

• Monopolistic competition

Model Questions - Part A | Q 15 | Page 118

Price discrimination will always lead to

• Increase in output

• Increase in profit

• Different prices

• b and c

Model Questions - Part A | Q 16 | Page 118

The average revenue curve under monopolistic competition will be ______.

• Perfectly inelastic

• Perfectly elastic

• Relatively elastic

• Unitary elastic

Model Questions - Part A | Q 17 | Page 118

Under perfect competition, the shape of demand curve of a firm is ______.

• Vertical

• Horizontal

• Negatively sloped

• Positively sloped

Model Questions - Part A | Q 18 | Page 118

In which market form, does absence of competition prevail?

• Perfect competition

• Monopoly

• Duopoly

• Oligopoly

Model Questions - Part A | Q 19 | Page 118

Which of the following involves maximum exploitation of consumers?

• Perfect competition

• Monopoly

• Monopolistic competition

• Oligopoly

Model Questions - Part A | Q 20 | Page 118

An example of selling cost is ______.

• Raw material cost

• Transport cost

Model Questions - Part B [Page 119]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 5 Market Structure and Pricing Model Questions - Part B [Page 119]

#### Answer the following questions in one or two sentences

Model Questions - Part B | Q 21 | Page 119

Define Market.

Model Questions - Part B | Q 22 | Page 119

Who is price-taker?

Model Questions - Part B | Q 23 | Page 119

Point out the essential features of pure competition.

Model Questions - Part B | Q 24 | Page 119

What is selling cost?

Model Questions - Part B | Q V. a) | Page 119

Draw demand curve of a firm for the following:

Perfect Competition

Model Questions - Part B | Q V. b) | Page 119

Draw demand curve of a firm for the following:

Monopoly

Model Questions - Part B | Q 27 | Page 119

Mention any two types of price discrimination.

Model Questions - Part B | Q 28 | Page 119

Define “Excess capacity”.

Model Questions - Part C [Page 119]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 5 Market Structure and Pricing Model Questions - Part C [Page 119]

#### Answer the following questions in one paragraph

Model Questions - Part C | Q 29 | Page 119

What are the features of a market?

Model Questions - Part C | Q 30 | Page 119

Specify the nature of entry of competitors in perfect competition and monopoly.

Model Questions - Part C | Q 31 | Page 119

Describe the degrees of price discrimination.

Model Questions - Part C | Q 32 | Page 119

State the meaning of selling cost with an example.

Model Questions - Part C | Q 33 | Page 119

Mention the similarities between perfect competition and monopolistic competition.

Model Questions - Part C | Q 34 | Page 119

Differentiate between ‘firm’ and ‘industry’.

Model Questions - Part C | Q 35 | Page 119

State the features of duopoly.

Model Questions - Part D [Page 119]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 5 Market Structure and Pricing Model Questions - Part D [Page 119]

Model Questions - Part D | Q 36 | Page 119

Bring out the features of perfect competition.

Model Questions - Part D | Q 37 | Page 119

How price and output are determined under the perfect competition?

Model Questions - Part D | Q 38 | Page 119

Describe the features oligopoly.

Model Questions - Part D | Q 39 | Page 119

Illustrate price and output determination under Monopoly.

Model Questions - Part D | Q 40 | Page 119

Explain price and output determined under monopolistic competition with help of the diagram.

## Solutions for Chapter 5: Market Structure and Pricing

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D

## Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 5 - Market Structure and Pricing

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Concepts covered in Class 11th Economics Answers Guide chapter 5 Market Structure and Pricing are Introduction to Market Structure and Pricing, Meaning and Definition of Market, Classification of Market, Equilibrium Conditions for a Firm, Perfect Competition, Imperfect Competition, Monopoly, Monopolistic Competition, Market Forms - Duopoly, Oligopoly, Comparison Among the Features of Various Markets.

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