The market situation in which a single seller control the market is called
Oligopoly
Duopoly
Monopoly
Perfect competition
The demand curve of the monopolist is
A vertical straight line
Upward sloping straight line
Downward sloping straight line
Positive sloping
A firm under perfect competition is
A price leader
A price taker
A price maker
None of these
The monopoly firm is a
Price taker
Price maker
Both a & b
Pure competition is a situation in which a commodity sells a
Higher price
A lower price
A uniform price
Price
The demand curve of a firm under perfect competition is
Inelastic
Perfectly inelastic
Perfectly elastic
Elastic
Product differentiation is an important feature of
Discriminating monopoly
Monopolistic competition
All the above
The demand curve facing a seller under monopolistic competition is
Horizontal straight line
Upward sloping
Downward sloping
Expenses incurred in marketing goods are called
Fixed costs
Valuable costs
Selling costs
In which market both monopoly element and competitive element are present
