Advertisements
Advertisements
Question
Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
Solution
In Monopoly there is a single seller.
APPEARS IN
RELATED QUESTIONS
Perishable goods such as vegetables, fruits, milk products, etc. are sold in Market ______.
The retail market is the market where the retailer sells goods directly to the ______ in small quantities.
Write a word/term/phrase for the following sentence.
Two sellers, selling either a homogeneous product or a differentiated product.
The market for the commodities which are produced in one country and sold in other countries is known as the national market.
In the wholesale market, sellers are known as retailers and buyers are known as wholesalers.
Find the odd one.
______ refers to a market situation when there is a single buyer of a commodity or service.
Correct the underlined word and rewrite the following sentence.
Commodity Market refers to the market for borrowing and lending long term capital required by the business.
Arrange in proper order
Local market, International market, National market.
Explain types of the market on the basis of the area covered.
Justify the following statement.
The market can be classified on the basis of competition.
Give classification of the market in detail on the basis of 'Volume of Transaction'
Give classification of the market on the basis of 'Time'
Explain different types of markets in detail.
Explain the following term/concept in detail.
Monopsony
Justify the following statement.
The market can be classified on the basis of time.
Monopoly refers to a market situation when there is a single buyer of a commodity or service.
Market can be classified on the basis of importance and area covered.
