Business Economics-Price Determination in Different Market Situations [NTA-NET (Based on NTA-UGC) Commerce (Paper-II)]: Questions 1 - 4 of 25

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Question number: 1

» Business Economics » Price Determination in Different Market Situations » Perfect Competition

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Appeared in Year: 2015

MCQ▾

Question

The following are the demand and supply equations in a perfectly competitive market:

The equilibrium market price would be:

Choices

Choice (4)Response

a.

40

b.

24

c.

20

d.

10

Question number: 2

» Business Economics » Price Determination in Different Market Situations » Pricing Strategies

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Appeared in Year: 2015

MCQ▾

Question

Which one of the following is a false statement?

Choices

Choice (4)Response

a.

Peak-load pricing is a pricing practice where price varies with time of the day.

b.

Two - part tariff refers to a price structure which has two parts - a lump sum charge and a variable charge.

c.

Value-pricing is the practice of pricing where the price is set based on its value to the customer.

d.

Ramsey pricing rates to the methodology of pricing to situations where firms are regulated and the maximization of allocative efficiency is the objective of pricing together with the objective of profit - maximization.

Question number: 3

» Business Economics » Price Determination in Different Market Situations » Pricing Strategies

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Appeared in Year: 2018

MCQ▾

Question

A firm that produces highly substitute goods can adopt which one of the following pricing strategies? (September Paper II)

Choices

Choice (4)Response

a.

Going Rate pricing

b.

Product bundling

c.

Full cost pricing

d.

Transfer pricing

Question number: 4

» Business Economics » Price Determination in Different Market Situations » Perfect Competition

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Appeared in Year: 2018

MCQ▾

Question

In a perfectly competitive market, a firm in the long run operates at the level of output where: (September Paper II)

Choices

Choice (4)Response

a.

b.

c.

When MC is lowest

d.

When MC is lowest

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