An industry in which technical factors preclude the efficient existence of more than one producer. This situation is called:

Related MCQs

• The economic situation in which only a single seller or producer supplies a commodity or a service is called:
• The situation in which the same tax base is taxed more than once is called:
• When there is one buyer and many sellers then that situation is called -
• Cost of production of the producer is given by:
• The World’s largest copper producer is:
• The World’s largest producer of silk is:
• The situation in which aggregate demand in the economy is growing at a rate reliable to lead to inflation is called:
• The international trade and exchange between more than two countries without discrimination between those involved is called:
• Knowledge, technical skill, education etc. in economics, are regarded as -
• The fixed cost on such factors of production which are neither hired nor bought by the firm is called -