Question
A market which is dominated by a small number of firms
and together they control majority of the market share is called?Solution
Oligopoly markets are markets dominated by a small number of suppliers. They can be found in all countries and across a broad range of sectors. Some oligopoly markets are competitive, while others are significantly less so, or can at least appear that way.
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A cistern has two pipes. One can fill it with water in 16 hours and other can empty it in 10 hours. In how many hours will the cistern be emptied if bo...
Pipe ‘A’ takes 60 hours to fill a tank. Pipe ‘B’ takes 120 hours to empty it. If both are opened together, find the time required to fill 50% o...
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