The situation where a market has only a small number of sellers producing similar products is known as an . (Insert a single word.)

A market condition in which the few firms ( 2 or more but not many)produce or sell a produce is known as _

…...................... arises when more than one producer is trying to sell the same or similar products to the same buyersa.Compromiseb.Comparisonc.Competitiond.Commonality

A _____ market is a small and narrowly defined market that is not being served by mainstream product or service marketers.Group of answer choicestraditionalconventionalnichemature

Fill in the Blank QuestionFill in the blank question.When the sale of a firm's total output of a product in a purely competitive product market has no effect on the market price, this makes the firm a . (Enter one word for each blank)

A ---------------- is a subgroup of people or organizations sharing one or more characteristics that cause them to have --------------- product needs.Question 14Answera.Market Segment, Dissimilarb.Market Segment, Similarc.Market, dissimilard.Market, Similar