Question : In which market firm, a market or an industry is dominated by a single seller?
Option 1: Oligopoly
Option 2: Monopoly
Option 3: Duopoly
Option 4: Monopolistic competition
Answer (1)
13th Jan, 2024
Correct Answer: Monopoly
Solution : The correct answer is M onopoly .
Monopoly is the market structure where there is just one seller or producer. A monopoly restricts the number of product alternatives accessible and makes it difficult for rivals to enter the market.
Comments (0)
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Get Updates Brochure
Thank You!
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Prelims
Admit Card Date:
30 Jan, 2025
- 9 Feb, 2025
Application Date:
3 Feb, 2025
- 9 Feb, 2025
Preliminary Exam
Admit Card Date:
10 Feb, 2025
- 10 Feb, 2025
Application Date:
12 Feb, 2025
- 4 Mar, 2025
