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

Related MCQs

• There are only a few sellers under
• The market structure which has large number of sellers selling differentiated product is called
• The market structure which number of sellers is small with interdependence is called
• 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
• 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
• The marker structure which have very large number of sellers selling Identical products is called
• The marker structure which have large number of sellers selling differentiated product is called
• The marker structure in which number of sellers is small with interdependence is called
• 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