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101.

Discriminating monopoly implies that the monopolist charges different prices for his commodity:

A.	From different groups of consumers	B.	For different uses
C.	At different places	D.	Any of the above

102.

Price discrimination will be profitable only if the elasticity of demand in different markets into which the total market has been divided is:

A.	Uniform	B.	Different
C.	Less	D.	Zero

103.

Which of the following oligopoly models is concerned with the maximization of joint profits?

A.	Price leadership model	B.	Bertrand's model
C.	Collusive model	D.	Edge worth's model

104.

The Kinky demand curve hypothesis is designed to explain in the context of oligopoly:

A.	Price and output determination	B.	Price rigidity
C.	Price leadership	D.	Collusion among rivals

105.

Which form of market structure is characterised by interdependence in decision-making as between the different competing firms?

A.	Oligopoly	B.	Perfect competition
C.	Imperfect competition	D.	None of the above

106.

Which one of the following is not the assumption of the Marginal Productivity Theory of Distribution?

A.	Homogeneity of a factor	B.	Perfect competition in the factor market
C.	All factors, except one, are variable	D.	Given stock of each factor and full employment

107.

With which of the theories of wages is the name of John Stuart Mill associated?

A.	Marginal productivity theory of wages	B.	Wages-fund theory
C.	Subsistence theory of wages	D.	Iron law of wages

108.

Under monophony in the labour market, the supply curve of labour facing the firm will be:

A.	Upward-sloping to the right	B.	Downward-sloping to the right
C.	Backward-sloping to the left	D.	Horizontal

109.

Economic rent can accrue to:

A.	Land only	B.	Capital only
C.	Specialised technical personnel only	D.	Any of the factors of production

110.

Which of the following statements is incorrect?

A.	Quasi-rent is a purely short-term phenomenon	B.	Rent is exclusively demand determined
C.	Rent can accrue to land alone	D.	Rent is the excess of actual earnings over transfer earnings