The simplest form of oligopoly is
Monopoly
Duopoly
Monopsony
Oligopoly
Perfect competition is a situation under which a commodity ______ is sold it .
A uniform price
Different price
A higher price
A lower price
Expenses incurred in marketing goods are called
Fixed costs
Valuable costs
Selling costs
Total cost
Product differentiation is an important feature of
Discriminating monopoly
Monopolistic competition
Product homogenity is a feature of
Imperfect competition
Perfect competition
In which market both monopoly element and competitive element are present
The demand curve facing a seller under monopolistic competition is
Horizontal straight line
Upward sloping
Downward sloping
None of these
The monopoly firm is a
Price taker
Price maker
Both a & b
Neither a nor b
The market situation in which a single seller control the market is called
A firm under perfect competition is
A price leader
A price taker
A price maker