Oligopoly is a market situation characterized by
A) large number of buyers and sellers
B) a single seller
C) fairly large number of buyers and sellers
D) a few sellers
Correct Answer:
Verified
Q11: The cross elasticity of demand for the
Q12: Which of the following is known as
Q13: A monopolist usually earns
A)economic profit
B)only normal profit
C)losses
D)profit
Q14: Price discrimination is possible
A)under any market form
B)only
Q15: Who introduced various types of price discrimination
A)alfred
Q17: 'Indeterminateness of demand curve' is a feature
Q18: Selling cost is maximum in the case
Q19: The concept of 'Kinked demand curve' is
Q20: The concept of 'Kinked demand curve' was
Q21: 'Group behavior' is a feature of
A)monopoly
B)oligopoly
C)perfect competition
D)monopolistic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents