Question : The most distinguishing feature of oligopoly is
Option 1: Number of firm .
Option 2: Interdependence .
Option 3: Negligible influence on price .
Option 4: Price leadership .
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Correct Answer: Number of firm .
Solution : The correct optin is number of firm.
The most distinguishing feature of oligopoly is that it is characterized by a small number of large firms or businesses dominating the market. Oligopoly stands out due to the concentration of market power among a limited number of competitors.
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Question : In which of the following market forms, a firm does not exercise control over price?
Option 1: Monopoly
Option 2: Perfect competition
Option 3: Oligopoly
Option 4: Monopolistic competition
Question : In which among the following markets does a firm not exercise control over price?
Option 1: Mixed competition
Option 2: Monopoly
Option 4: Perfect competition
Question : In which market firm, a market or an industry is dominated by a single seller?
Option 1: Oligopoly
Option 3: Duopoly
Question : The most important feature of Cabinet system of Government is
Option 1: Individual responsibility
Option 2: Collective responsibility
Option 3: Responsibility to none
Option 4: Non-responsibility
Question : Direction: Arrange the following words according to the English dictionary.
1. Fearsome
2. Fealty
3. Feasible
4. Feature
5. Feather
Option 1: 2, 4, 1, 3, 5
Option 2: 2, 3, 1, 4, 5
Option 3: 2, 5, 3, 1, 4
Option 4: 2, 1, 3, 5, 4
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