A. Oligopoly
B. Monopoly
C. Perfect competition
D. None
Related Mcqs:
- A market in which products are sold by firms and bought by households is_________________?
A. Resource market
B. Product market
C. Consumer market
D. None - The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product____________________?
A. Value added
B. Value of money
C. Vertical range
D. None - A minimum price which govt. allows seller to receive for a good or service____________________?
A. Ceiling Price
B. Floor Price
C. Supprot Price
D. All - The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?
A. Formal sector
B. Informal sector
C. Formal finance
D. Informal finance - Tax levied on production of specific product on quantity of product purchased ?
A. Sales tax
B. Excise tax
C. Income tax
D. All - Situation in which govt. intervention in an economy worsens outcomes__________________?
A. Govt. failure
B. Market perfection
C. Govt. inefficiency
D. None - All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?
A. GDP
B. NNp
C. NDP
D. GNP - All goods and services produced in a country in one year are called its__________________?
A. GNP
B. GDP
C. NDP
D. None of these - Employment available resources so that the maximum amount of goods and services is produced?
A. Large scale production
B. Full production
C. Fringe benefits
D. None - The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?
A. Circular flow model
B. Cognitive planning
C. Centralized planning
D. None
