A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?

Related Mcqs:

Legally established maximum price of a good or service__________________?

A. Ceiling price B. Floor price C. Max price D. None...

Change in quantity demanded is______________________?

A. Upward movement or shift of entire cure. B. Shift of the demand curve to left side C. Movement from one point to the other on the same demand curve D. None...

The total number of people living below a specified minimum level of real income, an international poverty line, is called ?

A. Relative poor B. Real poverty C. Absolute poor D. None...

Building of new factories in particular nation by corporations of other nations ?

A. Discrimination B. Direct foreign investment C. Profit maximization rule D. Economies of scale...

The study of how economies are transformed from stagnation to growth and from low income to higher income status?

A. Econometrics B. Development economics C. Development plan D. All...