What is another term for “perfect competition” ?

Related Mcqs:

“Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” 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...

What market situation exists where there are few sellers and few buyers ?

A. Oligopoly B. Oligopsony C. Bilateral oligopoly D. Bilateral Oligopsony...

By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?

A. 11.23 years B. 11.46 years C. 11.57 years D. 11.87 years...

What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc ?

A. Railroad bond B. Equipment obligation bond C. Equipment bond D. Equipment trust bond...

The process of determining the value or worth of a physical property for specific reason is called ____________________?

A. Investment B. Valuation C. Economy D. Depletion...