Product differentiation is an important feature of
Monopoly
Discriminating monopoly
Monopolistic competition
Oligopoly
Perfect competition is a situation under which a commodity ______ is sold it .
A uniform price
Different price
A higher price
A lower price
The demand curve facing an oligopolist is
Determinate
Indeterminate
Definite
Indefinite
Competition among the few is the other name of
Pure competition
Duopoly
In which market both monopoly element and competitive element are present
Perfect competition
The demand curve facing a seller under monopolistic competition is
Horizontal straight line
Upward sloping
Downward sloping
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 facing an individual seller under pure and perfect competition is
A horizontal straight line
A downward sloping straight line
A upward sloping straight line
The practice of a monopolist charging different prices for the same commodity to different customers is called.
Product differentiation
Price discrimination
Expenses incurred in marketing goods are called
Fixed costs
Valuable costs
Selling costs
Total cost
