NCERT Solutions class 12 Economics Non Competitive Markets

NCERT Solutions class 12 Economics Non Competitive Markets Class 12 Economics book solutions are available in PDF format for free download. These ncert book chapter wise questions and answers are very helpful for CBSE board exam. CBSE recommends NCERT books and most of the questions in CBSE exam are asked from NCERT text books. Class 12 Economics chapter wise NCERT solution for Economics part 1 and Economics part 2 for all the chapters can be downloaded from our website and myCBSEguide mobile app for free.

Download NCERT solutions for Macro Introduction  as PDF.

Microeconomics

• Introduction
• Theory o Consumer Behavior
• Production and Costs
• Theory of Firm Under Perfect Competition
• Market Competition
• Non Competitive Markets

Macroeconomics

• Introduction
• National Income Accounting
• Money and Banking
• Income Determination
• Government Budget and Economy
• Open Economy Macroeconomics

CHAPTER FIVE Non Competitive Markets

1. Simple Monopoly in the Commodity Market
   1. Market Demand Curve is the Average Revenue Curve
   2. Total, Average and Marginal Revenues
   3. Marginal Revenue and Price Elasticity of Demand
   4. Short Run Equilibrium of the Monopoly Firm
2. Other Non-perfectly Competitive Markets
   1. Monopolistic Competition
   2. How do Firms behave in Oligopoly?

NCERT Solutions class 12 Economics Non Competitive Markets

1. What would be the shape of the demand curve so that the total revenue curve is

(a) a positively sloped straight line passing through the origin?

(b) a horizontal line?

2. From the schedule provided below calculate the total revenue, demand curve and the price elasticity of demand:

Quantity	1	2	3	4	5	6	7	8	9
Marginal Revenue	10	6	2	2	2	0	0	0	-5

3. What is the value of the MR when the demand curve is elastic?

4: A monopoly firm has a total fixed cost of Rs 100 and has the following demand schedule:

Quantity	1	2	3	4	5	6	7	8	9	10
Marginal Revenue	100	90	80	70	60	50	40	30	20	10

Find the short run equilibrium quantity, price and total profit. What would be the equilibrium in the long run? In case the total cost is Rs 1000, describe the equilibrium in the short run and in the long run.

5. If the monopolist firm of Exercise 3, was a public sector firm. The government set a rule for its manager to accept the government fixed price as given (i.e. to be a price taker and therefore behave as a firm in a perfectly competitive market). And the government decide to set the price so that demand and supply in the market are equal. What would be the equilibrium price, quantity and profit in this case?

6. Comment on the shape of MR curve in case when TR curve is a

(a) positively sloped straight line

(b) horizontal straight line

7. The market demand curve for a commodity and the total cost for a monopoly firm producing the commodity is given in the schedules below.

Quantity	0	1	2	3	4	5	6	7	8
Price	52	44	37	31	26	22	19	16	13

Quantity	0	1	2	3	4	5	6	7	8
Price	10	60	90	100	102	105	109	115	125

Use the information given to calculate the following:

(a) The MR and MC schedules

(b) The quantities for which MR and MC are equal

(c) The equilibrium quantity of output and the equilibrium price of the commodity

(d) The total revenue, total cost and total profit in the equilibrium

8. Will the monopolist firm continue to produce in the short run if a loss is incurred at the best short run level of output?

9. Explain why the demand curve facing a firm under monopolistic competition is negatively sloped.

10. What is the reason for the long run equilibrium of a firm in monopolistic competition to be associated with zero profit?

11. List the three different ways in which oligopoly firms may behave.

12. If duopoly behaviour is one that is described by Cournot, the market demand curve is given by the equation q= 200 – 4p and both the firms have zero costs, find the quantity supplied by each firm in equilibrium and the equilibrium market price.

13. What is meant by prices being rigid? How can oligopoly behaviour lead to such an outcome?

NCERT Solutions for Class 12 Economics

NCERT Solutions class 12 Economics Macro Introduction PDF (Download) Free from myCBSEguide app and myCBSEguide website. Ncert solution class 12 Economics includes text book solutions from both part 1 and part 2. NCERT Solutions for CBSE Class 12 Economics have total 12 chapters. 12 Economics NCERT Solutions in PDF for free Download on our website. Ncert Economics class 12 solutions PDF and Economics ncert class 12 PDF solutions with latest modifications and as per the latest CBSE syllabus are only available in myCBSEguide

CBSE App for Students

To download NCERT Solutions for class 12 Physics, Chemistry, Biology, History, Political Science, Economics, Geography, Computer Science, Home Science, Accountancy, Business Studies and Home Science; do check myCBSEguide app or website. myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT solutions, NCERT Exemplar solutions, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. Sample Paper all are made available through the best app for CBSE students and myCBSEguide website.