What is the opposite of perfect competition ?

Related Mcqs:

1. “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

2. 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

3. Aside from many sellers and many buyers, which one is a characteristic of perfect competition ?

   A. Homogeneous product
   B. Free market entry and exit
   C. Perfect information and absence of all economic friction
   D. All of the above

4. What is another term for “perfect competition” ?

   A. Atomistic competition
   B. No-limit competition
   C. Free-for-all competition
   D. Heterogeneous market

5. Perfect monopoly exists only if_______________?

   A. the single vendor can prevent the entry of all other vendors in the market
   B. the single vendor gets the absolute franchise of the product
   C. the single vendor is the only one who has the permit to sell
   D. the single vendor is the only one who has the knowledge of the product

6. What market situation exists where there are few sellers and few buyers ?

   A. Oligopoly
   B. Oligopsony
   C. Bilateral oligopoly
   D. Bilateral Oligopsony

7. By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?

   A. 11.23 years
   B. 11.46 years
   C. 11.57 years
   D. 11.87 years

8. What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc ?

   A. Railroad bond
   B. Equipment obligation bond
   C. Equipment bond
   D. Equipment trust bond

9. The process of determining the value or worth of a physical property for specific reason is called ____________________?

   A. Investment
   B. Valuation
   C. Economy
   D. Depletion

10. Which of the following is an example of intangible asset ?

    A. Cash
    B. Investment in subsidiary companies
    C. Furnitures
    D. Patents