Chapters
Chapter 2: Consumption Analysis
Chapter 3: Production Analysis
Chapter 4: Cost and Revenue Analysis
Chapter 5: Market Structure and Pricing
Chapter 6: Distribution Analysis
Chapter 7: Indian Economy
Chapter 8: Indian Economy Before and After Independence
Chapter 9: Development Experiences in India
Chapter 10: Rural Economy
Chapter 11: Tamil Nadu Economy
Chapter 12: Mathematical Methods for Economics
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.
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
In which of the following is not a type of market structure Price will be very high?
Perfect competition
Monopoly
Duopoly
Oligopoly
Equilibrium condition of a firm is ______.
MC = MR
MC > MR
MC < MR
MR = Price
Which of the following is a feature of monopolistic competition?
One seller
Few sellers
Product differentiation
No entry
A firm under monopoly can earn ______ in the short run.
Normal profit
Loss
Super normal profit
More loss
There is no excess capacity under ______.
Monopoly
Monopolistic competition
Oligopoly
Perfect competition
Profit of a firm is obtained when ______.
TR < TC
TR - MC
TR > TC
TR = TC
Another name of price is ______.
Average Revenue
Marginal Revenue
Total Revenue
Average Cost
In which type of market, AR, and MR are equal ______.
Duopoly
Perfect competition
Monopolistic competition
Oligopoly
In monopoly, MR curve lies below ______.
TR
MC
AR
AC
Perfect competition assumes ______.
Luxury goods
Producer goods
Differentiated goods
Homogeneous goods
Group equilibrium is analysed in ______.
Monopolistic competition
Monopoly
Duopoly
Pure competition
In monopolistic competition, the essential feature is ______.
Same product
selling cost
Single seller
Single buyer
Monopolistic competition is a form of ______.
Oligopoly
Duopoly
Imperfect competition
Monopoly
Price leadership is the attribute of ______.
Perfect competition
Monopoly
Oligopoly
Monopolistic competition
Price discrimination will always lead to
Increase in output
Increase in profit
Different prices
b and c
The average revenue curve under monopolistic competition will be ______.
Perfectly inelastic
Perfectly elastic
Relatively elastic
Unitary elastic
Under perfect competition, the shape of demand curve of a firm is ______.
Vertical
Horizontal
Negatively sloped
Positively sloped
In which market form, does absence of competition prevail?
Perfect competition
Monopoly
Duopoly
Oligopoly
Which of the following involves maximum exploitation of consumers?
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
An example of selling cost is ______.
Raw material cost
Transport cost
Advertisement cost
Purchasing cost
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
Define Market.
Who is price-taker?
Point out the essential features of pure competition.
What is selling cost?
Draw demand curve of a firm for the following:
Perfect Competition
Draw demand curve of a firm for the following:
Monopoly
Mention any two types of price discrimination.
Define “Excess capacity”.
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
What are the features of a market?
Specify the nature of entry of competitors in perfect competition and monopoly.
Describe the degrees of price discrimination.
State the meaning of selling cost with an example.
Mention the similarities between perfect competition and monopolistic competition.
Differentiate between ‘firm’ and ‘industry’.
State the features of duopoly.
Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 5 Market Structure and Pricing Model Questions - Part D [Page 119]
Answer the following questions in about a page
Bring out the features of perfect competition.
How price and output are determined under the perfect competition?
Describe the features oligopoly.
Illustrate price and output determination under Monopoly.
Explain price and output determined under monopolistic competition with help of the diagram.
Solutions for Chapter 5: Market Structure and Pricing
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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