Two sellers only of a good or service in a market. This situation is:

Related MCQs

• Sellers market denotes a situation where :
• When there is one buyer and many sellers then that situation is called -
• Number of sellers in the monopoly market structure is -
• Buyers and Sellers will have perfect knowledge of market conditions under -
• The economic situation in which only a single seller or producer supplies a commodity or a service is called:
• Bilateral monopoly refers to the market situation of -
• A Black Market is a situation where in
• When the demand for a good increases with an increase in income, such a good is called -
• The reduction in the useful life of a capital good or consumer good through economic or technological change as distinct from physical deterioration in use is termed as:
• In economic theory, a tangible good or service resulting from the process of production is known as