A. Perfect competition
B. Oligopoly
C. Oligopsony
D. Monopoly
Correct Answer: Perfect competition ✔
Last Updated: January 22, 2019
Related MCQs
- What is another term for “perfect competition” ?
- Duopoly is a market situation where there is/are__________?
- What is the opposite of perfect competition ?
- Aside from many sellers and many buyers, which one is a characteristic of perfect competition ?
- 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 ?
- What refers to the need, want or desire for a product backed by the money to purchase it ?
- “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__________?
- “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the__________?
- What refers to the amount of a product made available for sale ?
- What do you call any particular raw material or primary product such as cloth, wool, flour, coffee, etc ?
- Under ordinary simple interest, how many days in one year ?
- The difference between the present and future worth of money at some time in the future is called __________?
- One banker’s year is equivalent to __________ days?
- What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal ?
- What refers to the cumulative effect of elapsed time on the money value of an event, based on the earning power of equivalent invested funds capital should or will earn ?
- What refers to the present worth of the probable future net earnings ?
- What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest ?
- What refers to the amount of money paid for the use of borrowed capital ?
- What refers to the cost of borrowing money or the amount earned by a unit principal per unit time ?
- What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal ?
- A uniform series of payment occurring at equal interval of time is called __________?
- What is the term for an annuity with a fixed time span ?
- What is the type of annuity where the payments are made at the end of each period starting from the first period ?
- What refers to the present worth of all the amount the bondholder will receive through his possession of the bond ?
- What is the type of annuity where the payments are made at the beginning of the each period starting from the first period ?
- What is the type of annuity where the first payment does not begin until some later date in the cash flow ?
- What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund ?
- What is the type of annuity that does not have a fixed time span but continues indefinitely or forever ?
- Which is NOT an essential element of an ordinary annuity ?
- What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation ?