Competition among the few is the other name of
Monopoly
Oligopoly
Pure competition
Duopoly
The monopoly firm is a
Price taker
Price maker
Both a & b
Neither a nor b
In which market both monopoly element and competitive element are present
Monopolistic competition
Perfect competition
Expenses incurred in marketing goods are called
Fixed costs
Valuable costs
Selling costs
Total cost
A firm under perfect competition is
A price leader
A price taker
A price maker
None of these
The demand curve of the monopolist is
A vertical straight line
Upward sloping straight line
Downward sloping straight line
Positive sloping
The demand curve of a firm under perfect competition is
Inelastic
Perfectly inelastic
Influently elastic
Elastic
Who determine price of a commodity under perfect competition ?
Market forces
Firm
Buyer
Seller
The demand curve facing a seller under monopolistic competition is
Horizontal straight line
Upward sloping
Downward sloping
The market situation in which a single seller control the market is called
