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?

Perfect competition
Oligopoly
Oligopsony
Monopoly

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 1

Let'

5 views Answered 2022-09-01 13:21

Related Questions

What is a market situation whereby there is only one buyer of an item for which there is no goods substitute?

1 Answers 6 Views

A ______ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition.?

1 Answers 5 Views

Insurance refers to protection against an event that _________ happen whereas Assurance refers to protection against an event that _________ happen.?

1 Answers 5 Views

Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should there be a ban on product advertising Arguments : I. No. It is an age of advertising. Unless your advertisement is better than your other competitors, the product will not be sold. II. Yes. The money spent on advertising is very huge and it inflates the cost of the product.?

1 Answers 5 Views

Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should there be a restriction on the migration of people from one state to another state in India Arguments : I. No. Any Indian citizen has a basic right to stay at any place of his/her choice and hence they cannot be stopped. II. Yes. This is the way to effect an equitable distribution of resources across the states in India.?

1 Answers 5 Views

Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should there be concentration of foreign investment in only few states Arguments : I. No. It is against the policy of overall development of the country. II. Yes. A large number of states lack infrastructure to attract foreign investment.?

1 Answers 5 Views

Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should higher education be restricted to only those who can bear the expenditure Arguments : I. Yes. Higher education is very costly; hence it should not be given free. II. No. There are a large number of brilliant students who cannot afford to pay and they should be given higher education.?

1 Answers 4 Views

Directions : Following question consists of a statement followed by three arguments I, II and III . You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should there be only few banks in place of numerous smaller banks in India Arguments : I. Yes. This will help secure the investor's money as these big banks will be able to withstand intermittent market related shocks. II. No. A large number of people will lose their jobs as after the merger many employees will be redundant. III. Yes. This will help consolidate the entire banking industry and will lead to healthy competition.?

1 Answers 4 Views

Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. There is unprecedented increase in the number of young unemployed in comparison to the previous year. II. A large number of candidates submitted applications against an advertisement for the post of manager issued by a bank.?

1 Answers 6 Views

“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:?

1 Answers 7 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)