Question : The number of sellers in a monopoly market structure is
Option 1: few
Option 2: large
Option 3: one
Option 4: two
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Correct Answer: one
Solution : The correct answer is one.
A single seller or company controls the entire market for a specific good or service under a monopoly market system. There are no close substitutes for this product that are readily available to customers, and this one company has sole control over its manufacturing and delivery.
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Question : A market in which there are few number of large firms is called as
Option 1: Duopoly
Option 2: Competition
Option 3: Oligopoly
Option 4: Monopoly
Question : The ratio of the areas of two squares one having double its diagonal than the other is:
Option 1: 3 : 2
Option 2: 2 : 1
Option 3: 4 : 1
Option 4: 3 : 1
Question : Directions: Which one of the given responses will be a meaningful order of the following? 1. Cutting 2. Dish 3. Vegetable 4. Market 5. Cooking
Option 1: 5, 3, 2, 1, 4
Option 2: 3, 2, 5, 1, 4
Option 3: 4, 3, 1, 5, 2
Option 4: 1, 2, 4, 5, 3
Question : Directions: In the question, a part of the sentence is in bold. Below are given alternatives to the bold part at (1), (2) and (3) that may improve the sentence. Choose the correct alternative. In case no improvement is needed, your answer is (4).
There was a few drop of rain.
(1) were a few drop
(2) were a few drops
(3) was a few drops
(4) No Improvement
Option 1: (1)
Option 2: (2)
Option 3: (3)
Option 4: (4)
Question : Which one of the following is not a feature of monopoly?
Option 1: Single seller of the product
Option 2: Heavy selling cost
Option 3: Barriers to entry of new firms
Option 4: Price discrimination
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