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When in a market, the number of buyers is very large and the number of sellers is very small, it is known as:

A. Monopoly

B. Oligopoly

C. Imperfect competition

D. Perfect competition

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. If the demand curve is inelastic then:
  2. If the demand curve is vertical then its slope is:
  3. Income -elasticity of demand will be zero when a given change in income brings about:
  4. For a few products such as insulin for diabetics,:
  5. Who is the author of Trade Cycle ?
  6. Identify the work of Irving Fisher:
  7. Equilibrium of a firm represents maximization of profits as well as:
  8. MC curve is:
  9. The equilibrium level of output for the pure monopolist is where:
  10. In Edgeworth model, if price falls below competitive price, the demand is:
  11. In Recardian theory of value, the stress has been made on:
  12. If the commodities X and Y are perfect substitutes then:
  13. The giffen paradox is an exception to law of:
  14. The game theory was basically presented by:
  15. The number of sellers in oligopoly are:
  16. Marginal utility equals:
  17. The model which gives us information about price and output changes in different periods is:
  18. Which of the following pairs of commodities is an example of substitutes?
  19. Marginal cost is found with the help of changes in:
  20. An increase in the price of the good measured on the horizontal axis causes:
  21. The demand curve of a firm in monopolistic competition is:
  22. Rational economic behavior on the part of the consumer means that he will:
  23. Classical production function is:
  24. The utility function u = f(x) is based upon :
  25. Most of the supply curves with which the average consumer deals are:
  26. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
  27. The main contribution of David Ricardo is in the field of:
  28. Competitors in monopolistic competition have full control over:
  29. Which of the following does not have a uniform elasticity of demand at all points?
  30. Economics define technology as: