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Fill in the Blank with Appropriate Alternative Given Below Monopolist Means __________ Competitive. - Economics

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Question

Fill in the blank with appropriate alternative given below

Monopolist means __________ competitive. 

Options

  • single seller

  • several seller

  • single buyer

  • several buyer

MCQ
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Solution

Monopolist means single seller competitive.
Monopolist means single seller. In other words, monopolists is the sole seller of a commodity in the market with a large number of buyers.

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Chapter 6: Forms of Market and Price Determination Under Perfect Competition - Exercise 1 [Page 52]

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Micheal Vaz Economics [English] 12 Standard HSC
Chapter 6 Forms of Market and Price Determination Under Perfect Competition
Exercise 1 | Q 1.5 | Page 52
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