_______ is situation in which a particular market is controlled by a small group of firms.

Related MCQs

• When a group of monopolistic competition attains the equilibrium, the firms in the group
• _______ is situation in which a single company or group owns all or nearly all of the market for a given type of product or service.
• Firms in monopolistic competition in long run equilibrium ________ than firms in perfect competition.
• The market demand curve for a perfectly competitive industry is QD = 12 - 2P. The market supply curve is QS = 3 + P. The market will be in equilibrium if
• Which market model has the least number of firms?
• Free entry into monopolistically competitive market ensures that all firms will produce at the lowest point of LAC
• Perfect competition is a market situation under which a commodity is sold at:
• Oligopoly is a market situation characterized by
• The market situation characterized by one buyer is:
• The market structure which number of sellers is small with interdependence is called