Give economic terms :(1) The market where there are few sellers. (2)

1.	Give economic terms :(1) The market where there are few sellers. (2) The point where demand and supply curve intersect. (3) The cost incurred by the firm to promote sales. (4) Number of firms producing identical product. (5) Charging different prices to different consumers for the same product or services.
Answer» 1. Oligopoly 2. Equilibrium point 3. Selling cost 4. Homogeneous 5. Discriminating monopoly

Give economic terms :(1) The market where there are few sellers. (2) The point where demand and supply curve intersect. (3) The cost incurred by the firm to promote sales. (4) Number of firms producing identical product. (5) Charging different prices to different consumers for the same product or services.

Answer»

1. Oligopoly

2. Equilibrium point

3. Selling cost

4. Homogeneous

5. Discriminating monopoly