What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?

Related Mcqs:

What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal ?

A. Return of investment B. Interest rate C. Yield D. Rate of return...

Perfect monopoly exists only if_______________?

A. the single vendor can prevent the entry of all other vendors in the market B. the single vendor gets the absolute franchise of the product C. the single vendor is the only one who has the permit to sell D. the single vendor is the only one who has the knowledge of the product...

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...

In computing depreciation of an equipment, which of the following represents the first cost ?

A. The original purchase price and freight charges B. Installation expenses C. Initial taxes and permit fees D. All of the above...

The true value of interest rate computed by equations for compound interest for a 1 year period is known as __________________?

A. Expected return B. Nominal interest C. Effective interest D. Economic return...