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Market and Types of Goods · UPSC CDS/OTA · Question 38 of 66

Market and Types of Goods: A market structure with only one seller controlling supply is called

Step-by-step solution. Market and Types of Goods for UPSC CDS/OTA.

Topic
Market and Types of Goods
Subject
General Studies
Difficulty
moderate
Solve Time
45-60 sec

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Q · Market and Types of Goodsmoderate · 45s

A market structure with only one seller controlling supply is called:

TopicMarket and Types of Goods
Question Typemultiple choice
Difficultymoderate
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

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A monopoly exists when a single seller dominates the market.Meaning: Monopoly means single seller.Correct: B is correct as it denotes one seller.Incorrect: A has many sellers; C has few sellers; D has many sellers with product differentiation.

Final Answer: Option B - Monopoly
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A market structure with only one seller controlling… - Market and Types of Goods (General Studies) Solved Question