The demand curve of a firm under perfect competition is
Inelastic
Perfectly inelastic
Influently elastic
Elastic
The demand curve facing a seller under monopolistic competition is
Horizontal straight line
Upward sloping
Downward sloping
None of these
The demand curve facing an oligopolist is
Determinate
Indeterminate
Definite
Indefinite
In which market both monopoly element and competitive element are present
Monopoly
Oligopoly
Monopolistic competition
Perfect competition
The demand curve of the monopolist is
A vertical straight line
Upward sloping straight line
Downward sloping straight line
Positive sloping
Competition among the few is the other name of
Pure competition
Duopoly
The demand curve facing an individual seller under pure and perfect competition is
A horizontal straight line
A downward sloping straight line
A upward sloping straight line
Who determine price of a commodity under perfect competition ?
Market forces
Firm
Buyer
Seller
Duopoly is a market situation under which there are
Only one seller
Two seller
Few seller
The market situation in which a single seller control the market is called
