_______ means absence of competition.

Related MCQs

• ________ competition exists when the basic features of Perfect Competition are not present.
• Which one of the following is a feature of a perfect competition?
• In the long run, a firm in perfect competition earns _____________
• Which of the following does not characterize monopolistic competition?
• In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm.
• On the basis of competition, markets are classified into __________ types.
• Oligopoly means _________
• Which factor of production is considered as a produced means of production?
• ________ means transformation of physical inputs into output.
• ______ means the desire backed by the necessary purchasing power.