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Free MCQ’s Quiz on Class 11 Economics Chapter 4 – The Theory of the Firm under Perfect Competition – Set 1

Free MCQ’s Quiz for Class 11 Economics Chapter 4 – The Theory of the Firm under Perfect Competition with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Economics – ‘The Theory of the Firm under Perfect Competition’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Economics Chapter 4 – The Theory of the Firm under Perfect Competition. The Theory of the Firm under Perfect Competition shown that an individual firm’s supply curve tells us how much of a commodity a profit-maximizing firm would want to sell at different prices if the price were fixed and that the market supply curve tells us how much of a commodity all the firms together would want to supply at different prices if the price were fixed.

To make you perfect in this topic – The Theory of the Firm under Perfect Competition, we are here with a set of MCQs Quiz that will help you in brushing up your understanding of the concepts.

Free MCQ’s on The Theory of the Firm under Perfect Competition.

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Free MCQ’s on The Theory of the Firm under Perfect Competition

Results

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#1. Which of the following is an example of perfect competition?

#2. A company's revenue per unit sold is its

#3. Average revenue curve is also known as ____.

#4. When the marginal revenue and marginal cost are the same under perfect competition, what is profit?

#5. Beyond producer’s equilibrium when MR<MC, the firm earns only

#6. A producer’s equilibrium is a situation when -

#7. The concept of supply curve relevant only for

#8. At producer’s equilibrium when MR = MC, the firm earns only ____.

#9. Globalisation has transformed the Indian market into?

#10. In perfect competition, in the long run, there is/are ___________.

finish

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