Market Analysis — Important Questions
Telangana Open School (TOSS) · Class 12 · Economics
45 important questions from Market Analysis for Telangana Open School (TOSS) Class 12 Economics, with answers. Written for the board exams 2027.
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Important Questions from Market Analysis
What determines the price in perfect competition?
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Market demand and supply
In perfect competition, the industry determines price through market demand and supply; firms are price takers.
Which of the following is a feature of perfect competition?
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Homogeneous products
In perfect competition, all firms produce identical (homogeneous) goods with no differentiation.
Which market involves international trade of gold and silver?
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International market
International markets involve goods traded globally, such as gold, silver, and petrol.
What is the main characteristic of monopolistic competition?
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Product differentiation
Monopolistic competition is defined by many firms selling differentiated but close substitute products.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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