Which type of market structure is characterized by a single seller with no close substitutes?
کس قسم کے مارکیٹ ڈھانچے کی خصوصیت کسی ایک بیچنے والے کی طرف سے نہیں ہے جس میں کوئی قریبی متبادل نہیں ہے؟
Answer: Monopoly
Explanation
A Monopoly exists when there is only one seller in the market.
The product offered has no close substitutes, giving the seller full pricing power.
This question appeared in
Past Papers (4 times)
Account Officer Past Papers, Syllabus, Jobs (2 times)
SPSC 25 Years Past Papers Subject Wise (Solved) (1 times)
SPSC Past Papers (1 times)
This question appeared in
Subjects (1 times)
ACCOUNTING (1 times)
Related MCQs
- The market structure of monopoly is characterized by?
- Which market structure is characterized by a few dominant firms controlling the industry?
- Which sentence is in the past perfect tense? She goes to the market, She will go to the market, She had gone to the market, She is going to the market
- Identify the correct question sentence (interrogative): Is he going to market,Do he went to market, Does he is going to market,None of these
- The cyclic organic compound having alternate single and double bonds in its structure carbon ring is known as:
- Choose the sentence with the correct tense and sentence structure: a. He is going to the market yesterday.
- The market demand curve for a perfectly competitive industry is QD = 12 – 2P. The market supply curve is QS = 3 + P. The market will be in equilibrium at _____?
- Nine outer pair of tubules and two single central tubules are present in the internal structure of:
- You want to track the progress of the stock market on a daily basis. Which type of chart should you use?
- Which type of government is ruled by a single person with absolute power?
