1. A market condition of ’Number of sellers – one; Number of buyers – Large’ is known as?

Answer: Monopoly

Reply

Type in
(Press Ctrl+g to toggle between English and the chosen language)

Comments

Show Similar Question And Answers
QA->A market condition of ’Number of sellers – one; Number of buyers – Large’ is known as?....
QA->A market condition of ’Number of sellers – Few; Number of buyers – Large’ is known as?....
QA->Who is known as the major proponent of free market; arguing against government intervention in a market economy?....
QA->“One caste, One religion and One God for man of the same blood and form, there is no difference animals of the same caste alone procreate Viewed thus all humanity belong to one caste”- In which book of Sree Narayana Guru these words can be seen?....
QA->….is the market value of all products and services produced in one year by labour and property supplied by the-residents of a country?....
MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is...
MCQ->When there is one buyer and many sellers in a market-what is this situation called?...
MCQ->Sellers market denotes a situations where—...
MCQ->Sellers market denotes a situation where...
MCQ->Statement: The economic condition continues to be critical even after a good harvest season. Assumptions: The economic condition was not critical before the harvest season. The economic condition could not have improved without a good harvest season. The economic condition was expected to improve after a good harvest season.

...
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use | Powered By:Omega Web Solutions
© 2002-2017 Omega Education PVT LTD...Privacy | Terms And Conditions