Civil Engineering MCQs

Page No. 69

What market situation exists where there are few sellers and few buyers ?


aOligopoly

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bOligopsony

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c Bilateral oligopoly

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dBilateral Oligopsony

✓


View Answer Bilateral Oligopsony

If there is only one seller and many buyers, the market situation is ______________________?


aDuopsony

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bOligopoly

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cOligopsony

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dMonopoly

✓


View Answer Monopoly

What market situation exists where there is only one buyer and only one seller ?


aMonopsony

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bMonopoly

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cBilateral monopsony

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dBilateral monopoly

✓


View Answer Bilateral monopoly

If there are many sellers and few buyers, the market situation is ______________________?


aDuopsony

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bOligopoly

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cOligopsony

✓


dMonopoly

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View Answer Oligopsony

Perfect monopoly exists only if_______________?


a the single vendor can prevent the entry of all other vendors in the market

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b the single vendor gets the absolute franchise of the product

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cthe single vendor is the only one who has the permit to sell

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d the single vendor is the only one who has the knowledge of the product

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Oligopoly exists when there is/are _______________?


aFew sellers and few buyers

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b Few sellers and many buyers

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cMany sellers and few buyers

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dOne seller and few buyers

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What is the market situation exist when there are many buyers and many sellers ?


aPerfect competition

✓


bOligopoly

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cOligopsony

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dMonopoly

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View Answer Perfect competition

Duopsony is a market situation where there is/are______________?


aFew sellers and few buyers

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bFew sellers and many buyers

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cMany sellers and few buyers

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dOne seller and few buyers

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What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?


aPerfect competition

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bOligopoly

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cOligopsony

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dMonopoly

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View Answer Perfect competition

What is another term for “perfect competition” ?


aAtomistic competition

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bNo-limit competition

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cFree-for-all competition

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d Heterogeneous market

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View Answer Atomistic competition

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