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

Related Mcqs:

What is the type of annuity where the payments are made at the beginning of the each period starting from the first period ?

A. Ordinary annuity B. Perpetuity C. Annuity due D. Deferred annuity...

“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the______________?

A. Law of diminishing return B. Law of supply C. Law of demand D. Law of supply and demand...

A man invested P110,000 for 31 days. The net interest after deducting 20% withholding tax is P890.36. Find the rate of return annually?

A. 11.50 % B. 11.75 % C. 11.95 % D. 12.32 %...

The functional depreciation is sometimes called ____________________?

A. Demand depreciation B. Adolescence C. Life depreciation D. Failure depreciation...

What is used when a quick estimate of the doubling time for the invested money is needed ?

A. Rule of 48 B. Rule of 36 C. Rule of 24 D. Rule of 72...