Which is the form of market where there is lack of competition? [#1179] | SPPMMC

Which is the form of market where there is lack of competition? [#1179]

« ! ! »

Q1. Which is the form of market where there is lack of competition?
Q1. Which is the form of market where there is lack of competition?

(A) Monopoly
(A) Monopoly
(B) Oligopoly
(B) Oligopoly
(C) Perfect Competition
(C) Perfect Competition
(D) Maretization
(D) Maretization
Answer: (A) Monopoly
Answer: (A) Monopoly
A monopoly market, in simple terms, means a single seller selling a unique product. The seller dominates the market by offering a unique product, setting its own prices, and high barriers restricting new entrants.
A monopoly market, in simple terms, means a single seller selling a unique product. The seller dominates the market by offering a unique product, setting its own prices, and high barriers restricting new entrants.

👤SPPMMC TEAM

74 views

@1179

2024-06-05

*** Choose the correct option to show answer. (Choose the correct option to show answer.) Need help

Connect with us on....

˂ Previous ! ! Next ˃
Select Your Preferred Language:
Select Any Language: