Civil Engineering MCQs

Page No. 69

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


aOligopoly


bOligopsony


c Bilateral oligopoly


dBilateral Oligopsony


View Answer Bilateral Oligopsony

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


aDuopsony


bOligopoly


cOligopsony


dMonopoly


View Answer Monopoly

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


aMonopsony


bMonopoly


cBilateral monopsony


dBilateral monopoly


View Answer Bilateral monopoly

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


aDuopsony


bOligopoly


cOligopsony


dMonopoly


View Answer Oligopsony

Perfect monopoly exists only if_______________?


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


b the single vendor gets the absolute franchise of the product


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


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



Oligopoly exists when there is/are _______________?


aFew sellers and few buyers


b Few sellers and many buyers


cMany sellers and few buyers


dOne seller and few buyers



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


aPerfect competition


bOligopoly


cOligopsony


dMonopoly


View Answer Perfect competition

Duopsony is a market situation where there is/are______________?


aFew sellers and few buyers


bFew sellers and many buyers


cMany sellers and few buyers


dOne seller and few buyers



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


bOligopoly


cOligopsony


dMonopoly


View Answer Perfect competition

What is another term for “perfect competition” ?


aAtomistic competition


bNo-limit competition


cFree-for-all competition


d Heterogeneous market


View Answer Atomistic competition

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