A. Perfect competition
B. Oligopoly
C. Oligopsony
D. Monopoly
Related Mcqs:
- A _____________ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition ?
A. Perfect monopoly
B. Bilateral monopoly
C. Natural monopoly
D. Ordinary monopoly - “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the_________________?
A. Law of diminishing return
B. Law of supply
C. Law of demand
D. Law of supply and demand - Duopoly is a market situation where there is/are____________?
A. Few sellers and few buyers
B. Few sellers and many buyers
C. Many sellers and few buyers
D. One seller and few buyers - Duopsony is a market situation where there is/are______________?
A. Few sellers and few buyers
B. Few sellers and many buyers
C. Many sellers and few buyers
D. One seller and few buyers - What is the market situation exist when there are many buyers and many sellers ?
A. Perfect competition
B. Oligopoly
C. Oligopsony
D. Monopoly - If there are many sellers and few buyers, the market situation is ______________________?
A. Duopsony
B. Oligopoly
C. Oligopsony
D. Monopoly - What market situation exists where there is only one buyer and only one seller ?
A. Monopsony
B. Monopoly
C. Bilateral monopsony
D. Bilateral monopoly - If there is only one seller and many buyers, the market situation is ______________________?
A. Duopsony
B. Oligopoly
C. Oligopsony
D. Monopoly - What market situation exists where there are few sellers and few buyers ?
A. Oligopoly
B. Oligopsony
C. Bilateral oligopoly
D. Bilateral Oligopsony - What is a market situation whereby there is only one buyer of an item for which there is no goods substitute ?
A. Monopsony
B. Monopoly
C. Oligopoly
D. Oligopsony
