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Chapter 15

Monopolistic Competition

1. Monopolistic competition is associated with the name of

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āύাāĻŽā§° āϏৈāϤে āϏāĻŽ্āĻĒā§°্āĻ•িāϤ  

(a) Joan Rabinson

āϜোāύ ā§°াāĻŦিāύāϚāύ

(b) Marshall 

āĻŽাā§°্āĻļ্āĻŦেāϞ 

(c) Chamberlin

āϚেāĻŽ্āĻŦাā§°āϞিāύ

Answer: (c) Chamberlin (āϚেāĻŽ্āĻŦাā§°āϞিāύ)।

2. The number of sellers in case of monopolistic competition is

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ•্āώেāϤ্ā§°āϤ āĻŦিāĻ•্ā§°েāϤাā§° āϏংāĻ–্āϝা āĻšৈāĻ›ে

(a) One 

āĻāĻ•

(b) Two

āĻĻুāχ

(c) Few

āĻ•িāĻ›ু 

(d) Many

āĻŦāĻšুāϤ

Answer: (d) Many (āĻŦāĻšুāϤ)।

3. Produts in case of monopolistic competition are 

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ•্āώেāϤ্ā§°āϤ āĻĒ্ā§°āĻĄুāϟāĻŦোā§° āĻšৈāĻ›ে 

(a) Identical

āĻ…āĻ­িāύ্āύ

(b) Differentiated

āĻĒৃāĻĨāĻ•ীāĻ•ৃāϤ

(c) Neither of the two

āĻĻুāϝ়োāϟাā§° āĻ•োāύোāϟোā§ąেāχ āύāĻšāϝ়

Answer: (b) Differentiated (āĻĒৃāĻĨāĻ•ীāĻ•ৃāϤ)।

4. The demand curves employed in case of monopolistic competition are

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ•্āώেāϤ্ā§°āϤ āύিāϝ়োāϜিāϤ āϚাāĻšিāĻĻাā§° āĻŦāĻ•্ā§°āĻŦোā§° āĻšৈāĻ›ে

(a) Subjective

āĻŦিāώāϝ়āĻ­িāϤ্āϤিāĻ•

(b) Market

āĻŦāϜাā§°

(c) Both

āĻĻুāϝ়োāϟা

Answer: (c) Both (āĻĻুāϝ়োāϟা)।

Very Short Answer Type Questions

1. What is monopolistic competition?

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤা āĻ•ি?

Answer:

2. What is meant by product differentiation?

āϏাāĻŽāĻ—্ā§°ীā§° āĻĒৃāĻĨāĻ•ীāϕ⧰āĻŖā§° āĻ…ā§°্āĻĨ āĻ•ি?

Answer:

3. What is non-price competition?

āĻŽূāϞ্āϝ āĻŦিāĻšীāύ āĻĒ্ā§°āϤিāϝোāĻ—িāϤা āĻ•ি?

Answer:

4. What is the shape of demand curve under monopolistic competition?

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āϚাāĻšিāĻĻা āĻŦāĻ•্ā§°ā§° āφāĻ•ৃāϤি āĻ•ি?

Answer:

5. Define group equilibrium?

āĻ—োāϟ āϏāύ্āϤুāϞāύ āύিā§°্āϧাā§°āĻŖ āϕ⧰িāĻŦ āύেāĻ•ি?

Answer:

6. What is subjective demand curve?

āĻŦ্āϝāĻ•্āϤিāĻ—āϤ āϚাāĻšিāĻĻা āĻŦāĻ•্ā§° āĻ•ি?

Answer:

7. What is market demand curve?

āĻŦāϜাā§°ā§° āϚাāĻšিāĻĻা āĻŦāĻ•্ā§° āĻ•ি?

Answer:

8. Define product variation.

āϏাāĻŽāĻ—্ā§°ীā§° āϤাā§°āϤāĻŽ্āϝ āύিā§°্āϧাā§°āĻŖ āϕ⧰া।

Answer:

9. What are selling costs?

āĻŦিāĻ•্ā§°ী āĻŦ্āϝāϝ় āĻ•িāĻŽাāύ?

Answer:

10. Define excess capacity.

āĻ…āϤিā§°িāĻ•্āϤ āĻ•্āώāĻŽāϤা āύিā§°্āϧাā§°āĻŖ āϕ⧰া।

Answer:

Short Answer Type Questions

1. Define monopolistic competition. What is its most prominent feature?

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āϏংāϜ্āĻžা āĻĻিāϝ়া। āχāϝ়াā§° āφāϟাāχāϤāĻ•ৈ āĻ—ুā§°ুāϤ্āĻŦāĻĒূā§°্āĻŖ āĻŦৈāĻļিāώ্āϟ্āϝāϟো āĻ•ি?

Answer:

2. What are heroic assumptions?

āĻŦীā§°āϤ্āĻŦāĻĒূā§°্āĻŖ āϧাā§°āĻŖাāĻŦোā§° āĻ•ি?

Answer:

3. Explain briefly product differentiation.

āϏাāĻŽāĻ—্ā§°ীā§° āĻĒাā§°্āĻĨāĻ•্āϝ āϚāĻŽুāĻ•ৈ āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

4. Distinguish between production costs and selling costs.

āĻ‰ā§ŽāĻĒাāĻĻāύ āĻŦ্āϝāϝ় āφ⧰ু āĻŦিāĻ•্ā§°ী āĻŦ্āϝāϝ়ā§° āĻŽাāϜāϤ āĻĒাā§°্āĻĨāĻ•্āϝ āϕ⧰া।

Answer:

5. What is excess capacity? How can it be measured?

āĻ…āϤিā§°িāĻ•্āϤ āĻ•্āώāĻŽāϤা āĻ•িāĻŽাāύ? āχāϝ়াāĻ• āĻ•েāύেāĻ•ৈ āϜোāĻ–া āϝাāϝ়?

Answer:

6. What are the wastes of monopolistic competition?

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āĻĒāϚāϝ় āĻ•ি?

Answer:

Long Answer Type Questions

1. What is production differentiation? How does it affect demand curve?

āĻ‰ā§ŽāĻĒাāĻĻāύ⧰ āĻĒাā§°্āĻĨāĻ•্āϝ āĻ•ি? āχ āϚাāĻšিāĻĻাā§° āĻŦāĻ•্ā§°āĻ• āĻ•েāύেāĻĻā§°ে āĻĒ্ā§°āĻ­াā§ąিāϤ āϕ⧰ে?

Answer:

2. Explain the short run equilibrium of the firm under monopolistic competition?

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āĻĢাā§°্āĻŽāϟোā§° āϚāĻŽু ā§°াāĻŖā§° āϏāύ্āϤুāϞāύ āĻŦ্āϝাāĻ–্āϝা āϕ⧰িāĻŦ āύেāĻ•ি?

Answer:

3. How can long run equilibrium of the firm be determined under monopolistic competition?

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āĻĒ্ā§°āϤিāώ্āĻ াāύāϟোā§° āĻĻীā§°্āϘāĻŽ্āϝাāĻĻী āϏāύ্āϤুāϞāύ āĻ•েāύেāĻ•ৈ āύিā§°্āϧাā§°āĻŖ āϕ⧰িāĻŦ āĻĒাā§°ি?

Answer:

4. Explain group equilibrium under monopolistic competition?

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āĻ—োāϟāϏāύ্āϤুāϞāύ āĻŦ্āϝাāĻ–্āϝা āϕ⧰িāĻŦ āύেāĻ•ি?

Answer:

5. Explain equilibrium with product variation.

āϏাāĻŽāĻ—্ā§°ীā§° āϤাā§°āϤāĻŽ্āϝ⧰ āϏৈāϤে āϏāύ্āϤুāϞāύ āĻŦ্āϝাāĻ–্āϝা āϕ⧰া।

Answer:

6. Define selling costs? Distinguish between the selling costs and production costs.

āĻŦিāĻ•্ā§°ী āĻŦ্āϝāϝ় āύিā§°্āϧাā§°āĻŖ āϕ⧰িāĻŦ āύেāĻ•ি? āĻŦিāĻ•্ā§°ী āĻŦ্āϝāϝ় āφ⧰ু āĻ‰ā§ŽāĻĒাāĻĻāύ āĻŦ্āϝāϝ়ā§° āĻŽাāϜāϤ āĻĒাā§°্āĻĨāĻ•্āϝ āϕ⧰া।

Answer:

7. Explain the equilibrium of a firm with selling costs.

āĻŦিāĻ•্ā§°ী āĻŦ্āϝāϝ়ā§° āϏৈāϤে āĻĢাā§°্āĻŽ āĻāϟাā§° āϏāύ্āϤুāϞāύ āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

8. Explain clearly the concept of excess capacity.

āĻ…āϤিā§°িāĻ•্āϤ āĻ•্āώāĻŽāϤাā§° āϧাā§°āĻŖাāϟো āϏ্āĻĒāώ্āϟāĻ­াā§ąে āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

9. Explain Chamberlin's concept of excess capacity.

āϚেāĻŽ্āĻŦাā§°āϞিāύ⧰ āĻ…āϤিā§°িāĻ•্āϤ āĻ•্āώāĻŽāϤাā§° āϧাā§°āĻŖাāϟো āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

Very Long Answer Type Questions

1. What is meant by monopolistic competition? Explain its characteristics.

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…ā§°্āĻĨ āĻ•ি? āχāϝ়াā§° āĻŦিāĻļেāώāϤ্āĻŦāĻŦোā§° āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

2. What is product differentiation? Analyse its impact on demand and costs.

āϏাāĻŽāĻ—্ā§°ীā§° āĻĒাā§°্āĻĨāĻ•্āϝ āĻ•ি? āϚাāĻšিāĻĻা āφ⧰ু āĻŦ্āϝāϝ়ā§° āĻ“āĻĒā§°āϤ āχāϝ়াā§° āĻĒ্ā§°āĻ­াā§ą āĻŦিāĻļ্āϞেāώāĻŖ āϕ⧰া।

Answer:

3. Explain the short and long run equilibrium of a firm under monopolistic competition.

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āĻĢাā§°্āĻŽ āĻāϟাā§° āϚāĻŽু āφ⧰ু āĻĻীā§°্āϘāĻŽ্āϝাāĻĻী āϏāύ্āϤুāϞāύ āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

4. Explain the concept of group. How is group equilibrium determined under monopolistic competition?

āĻ—োāϟ⧰ āϧাā§°āĻŖাāϟো āĻŦā§°্āĻŖāύা āϕ⧰া। āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ…āϧীāύāϤ āĻ—োāϟāϏāύ্āϤুāϞāύ āĻ•েāύেāĻĻā§°ে āύিā§°্āϧাā§°āĻŖ āϕ⧰া āĻšāϝ়?

Answer:

5. Explain the subjective and market demand curves. How can you determine group equilibrium marking use of them?

āĻŦিāώāϝ়āĻ­িāϤ্āϤিāĻ• āφ⧰ু āĻŦāϜাā§°ā§° āϚাāĻšিāĻĻাā§° āĻŦāĻ•্ā§°āĻŦোā§° āĻŦā§°্āĻŖāύা āϕ⧰া। āφāĻĒুāύি āϏেāχāĻŦোā§°ā§° āĻ—্ā§°ুāĻĒ āĻ•ুā§ąেā§°িāϝ়াāύ āĻŽাā§°্āĻ•িং āĻŦ্āĻ¯ā§ąāĻšাā§° āĻ•েāύেāĻĻā§°ে āύিā§°্āϧাā§°āĻŖ āϕ⧰িāĻŦ āĻĒাā§°ে?

Answer:

6. What is product variation? Explain the equilibrium with product variation.

āϏাāĻŽāĻ—্ā§°ীā§° āϤাā§°āϤāĻŽ্āϝ āĻ•ি? āϏাāĻŽāĻ—্ā§°ীā§° āϤাā§°āϤāĻŽ্āϝ⧰ āϏৈāϤে āϏāύ্āϤুāϞāύ āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

7. What are selling costs? Explain firm's equilibrium with selling costs?

āĻŦিāĻ•্ā§°ী āĻŦ্āϝāϝ় āĻ•িāĻŽাāύ? āĻŦিāĻ•্ā§°ী āĻŦ্āϝāϝ়ā§° āϏৈāϤে āĻĢাā§°্āĻŽā§° āϏāύ্āϤুāϞāύ āĻŦ্āϝাāĻ–্āϝা āϕ⧰িāĻŦ āύেāĻ•ি?

Answer:

8. Explain clearly the concept of excess capacity.

āĻ…āϤিā§°িāĻ•্āϤ āĻ•্āώāĻŽāϤাā§° āϧাā§°āĻŖাāϟো āϏ্āĻĒāώ্āϟāĻ­াā§ąে āĻŦā§°্āĻŖāύা āϕ⧰া।

Answer:

9. What are the wastages involved in the case of monopolistic competition?

āĻāĻ•āϚেāϟিāϝ়া āĻĒ্ā§°āϤিāϝোāĻ—িāϤাā§° āĻ•্āώেāϤ্ā§°āϤ āĻ•ি āĻ•ি āĻ…āĻĒāϚāϝ় āϜāĻĄ়িāϤ āφāĻ›ে?

Answer:




Questions Type- Bhabesh Bora.




Post ID : DABP004978