Civil Engineering MCQs

2965 MCQs  (Page 229 of 297)

What is another term for “perfect competition” ?
A. Atomistic competition
B. No-limit competition
C. Free-for-all competition
D. Heterogeneous market
Duopsony is a market situation where there is/are______________?
A. Few sellers and few buyers
B. Few sellers and many buyers
C. Many sellers and few buyers
D. One seller and few buyers
Oligopoly exists when there is/are _______________?
A. Few sellers and few buyers
B. Few sellers and many buyers
C. Many sellers and few buyers
D. One seller and few buyers
Perfect monopoly exists only if_______________?
A. The single vendor can prevent the entry of all other vendors in the market
B. The single vendor gets the absolute franchise of the product
C. The single vendor is the only one who has the permit to sell
D. The single vendor is the only one who has the knowledge of the product
What market situation exists where there are few sellers and few buyers ?
A. Oligopoly
B. Oligopsony
C. Bilateral oligopoly
D. Bilateral oligopsony