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  • Question
  • A monopoly is a market that has


  • Options
  • A. single seller
  • B. single buyer
  • C. single seller and single buyer
  • D. a seller but no buyer

  • Correct Answer
  • single seller 

    Explanation

    A monopoly is a market that has a single seller of a unique product in the market. He does not have any competition in the market as he has no substitute product for the product he is selling.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    Business Awareness problems


    Search Results


    • 1. The Business Entity concept means that
    • Discuss
    • 2. Which of the following does not motivate entrepreneurs?

    • Options
    • A. Security
    • B. Profit
    • C. Freedom
    • D. Innovation
    • Discuss
    • 3. Equivalent units of production are equal to

    • Options
    • A. number of whole units that could have been completed if all work of the period had been used to produce whole units
    • B. identifiable units existing at the end of the period in a production department
    • C. units completed by a production department in the period
    • D. number of units worked on during the period by a production department
    • Discuss
    • 4. Sales promotions include all of the following except

    • Options
    • A. Online Ads
    • B. Coupons
    • C. Free Samples
    • D. Rebates
    • Discuss
    • 5. Fixed cost per unit increases when

    • Options
    • A. variable cost per unit decreases
    • B. production volume decreases
    • C. variable cost per unit increases
    • D. production volume increases
    • Discuss
    • 6. Product costs are also called

    • Options
    • A. Inventoriable Costs
    • B. Voluntary Costs
    • C. Vulnerable Costs
    • D. None of the above
    • Discuss
    • 7. How much loan amount was sanctioned by The World Bank to help India develop its first modern waterway?

    • Options
    • A. $575 million
    • B. $275 million
    • C. $375 million
    • D. $475 million
    • Discuss
    • 8. Chennai-based FMCG company, CavinKare has made an entry into homecare segment by launching a liquid toilet cleaner. The brand name of the toilet cleaner is

    • Options
    • A. Tavex
    • B. Tex
    • C. Texco
    • D. Domotex
    • Discuss
    • 9. Black markets are associated with

    • Options
    • A. Price floors and the resulting product shortages
    • B. Ceiling prices and the resulting product shortages
    • C. Price floors and the resulting product surpluses
    • D. Ceiling prices and the resulting product surpluses
    • Discuss
    • 10. An improvement in production technology will

    • Options
    • A. shift the supply curve to the left
    • B. shift the demand curve to the left
    • C. shift the supply curve to the right
    • D. increase equilibrium price
    • Discuss


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