________ is a market in which there are only a few large buyers for a product or service.

Related MCQs

• If a firm sells its output on a market that is characterized by few sellers and many buyers and limited long-run resource mobility, then the firm is
• If a firm sells its output on a market that is characterized by a single seller and many buyers of a homogeneous product for which there are no close substitutes and barriers to long-run resource mobility, then the firm is
• Existence of large number of buyers and sellers and homogenous product is a feature of :
• If a firm sells its output on a market that is characterized by many sellers and buyers, a homogeneous product, unlimited long-run resource mobility, and perfect knowledge, then the firm is a
• If a firm sells its output on a market that is characterized by many sellers and buyers, a differentiated product, and unlimited long-run resource mobility, then the firm is
• There are only a few sellers under
• The market structure which has large number of sellers selling differentiated product is called
• Monopsony is a market with ______ buyers
• _______ 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.
• 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