Economics MCQs

Market Questions with solutions MCQs

1. Restrictions to entry is a characteristic of which of the following market?

A

Perfect Market

B

Imperfect Market

C

Totally perfect

D

Oligopoly

Market General Economics
Correct Answer : D
Explanation :

In an oligopoly, there are only a few firms that make up an industry. This select group of firms has control over the price and, like a monopoly; an oligopoly has high barriers to entry. Main characteristic of oligopoly is interdependence of firms in the industry

Correct Answered :

Wrong Answered :

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