When there are only two sellers, the market is called as:

Related MCQs

• Existence of large number of buyers and sellers and homogenous product is a feature of :
• The market in which there is a single seller is called
• In the market period, market supply curve is
• Under monopolistic competition, there can be freedom of entry in the sense that there is freedom to produce
• Under perfectly competitive market an individual seller is a
• Which of the following is not a feature of a perfectly competitive market
• Given the supply of a commodity, in the market period, the price of a commodity is determined by
• In the market period, price determination in the case of a perishable commodity is influenced by its
• A monopolistically competitive market is distinguished from perfect competition by the fact that
• Free entry into monopolistically competitive market ensures that all firms will produce at the lowest point of LAC