The market structure called monopoly exists where there is exactly ______ seller in any market. Options: 1) One 2) Two 3) Five 4) Ten
Answered 7 yr ago
bhavishya kumarCorrect Answer: OneMonopoly mean many buyer and one seller.A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with ...Read more
The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good. Options: 1) monotonic 2) indifferent 3) market demand 4) diminishing
Answered 7 yr agoCorrect Answer: market demandMarket demand is the sum of the individual demand for a product from buyers in the market. If more buyers enter the market and they have the ability to pay for ite...Read more
India, S.Korea to upgrade pact to boost trade and investment
Answered 7 yr agoEven as the India-South Korea Free Trade Agreement (FTA) will soon be expanded to boost bilateral trade and investment, New Delhi has conveyed to Seoul about concerns over low utilisation of the FTA by India due to the 'complicated' provisions in the pact as well as South Korea's regu...Read more