Question
When One Seller sells a Product, but the product has no
close substitute, it is called:Solution
When one seller sells a product that has no close substitutes, it is referred to as a monopoly. In a monopoly market structure, there is a single seller or producer controlling the supply of a particular product or service with no direct competition.
As per UNCTAD, by how much did global trade grow in the first half of 2025?
Who holds the record for the most swims across the English Channel?
The Union Cabinet has accepted the recommendations of the High-Level Committee on Simultaneous Elections chaired by Shri Ram Nath Kovind. Which of the f...
India is set to make an impression on the global stage as the country participates for the first time at the Annecy International Animation Festival (AI...
Punyakoti Dattu Yojana is associated with?
Which new plant species was discovered in the Itanagar Wildlife Sanctuary, Arunachal Pradesh? Â
Consider the following statements regarding Argoland, recently seen in the news:
1. Geologists recently discovered Argoland, a landmass that de...
Who has been named as the official sponsor of the Indian contingent for the 19th Asian Games?
How is India contributing to Sri Lanka's digital identity project?
The ‘Karm Shiromani’ Award Ceremony at SAIL-Bhilai Steel Plant was held on:
