What market situation exists where there is only one buyer and only one seller ?

Related Mcqs:

1. If there is only one seller and many buyers, the market situation is ______________________?

   A. Duopsony B. Oligopoly C. Oligopsony D. Monopoly...

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

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

3. 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...

4. The amount of property in which a willing buyer to a willing seller for the property when neither one is under the compulsion to buy nor to sell is called __________________?

   A. Fair value B. Market value C. Good will value D. Book value...

5. What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties ?

   A. Book value B. Market value C. Fair value D. Franchise value...

6. What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?

   A. Perfect competition B. Oligopoly C. Oligopsony D. Monopoly...

7. 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...

8. 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...

9. 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...

10. What is the market situation exist when there are many buyers and many sellers ?

    A. Perfect competition B. Oligopoly C. Oligopsony D. Monopoly...