If there is only one seller and many buyers, the market situation is ______________________?
A. Duopsony
B. Oligopoly
C. Oligopsony
D. Monopoly
Engineering Economy
What market situation exists where there is only one buyer and only one seller ?
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 are many sellers and few buyers, the market situation is ______________________?
If there are many sellers and few buyers, the market situation is ______________________?
A. Duopsony
B. Oligopoly
C. Oligopsony
D. Monopoly
Perfect monopoly exists only if_______________?
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
Oligopoly exists when there is/are _______________?
Oligopoly exists when 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 ?
What is the market situation exist when there are many buyers and many sellers ?
A. Perfect competition
B. Oligopoly
C. Oligopsony
D. Monopoly
Duopsony is a market situation where there is/are______________?
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 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 ?
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
What is another term for “perfect competition” ?
What is another term for “perfect competition” ?
A. Atomistic competition
B. No-limit competition
C. Free-for-all competition
D. Heterogeneous market
Duopoly is a market situation where there is/are____________?
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