Class XII

One of the reasons which give emergence to the monopoly market is
  1. Differentiated goods
  2. Political barriers
  3. Many sellers
  4. Supply of rare goods by all sellers
The feature of monopolistic competition that is monopolist in nature is the
  1. Homogeneous goods
  2. Many sellers
  3. single seller of a brand
  4. Differentiated goods
Long period is the market period when the supply can be changed with the change in any one factor input.
  1. Can’t say
  2. None of these
  3. 0
  4. True
Patent rights lead to the formation of
  1. Perfect Competition
  2. Oligopoly
  3. Monopoly
  4. Duopoly
Price discrimination under monopoly depends on?
  1. Elasticity of supply for the commodity
  2. The size of the market where he sells
  3. Elasticity of demand for the commodity
  4. Taxes and other overhead expenses
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