Which of the Following Is Not a Basic Kind of Market

question 1

Multiple Choice

Which of the following is not a basic kind of market (competitive) situation?

• A) Pure competition
• B) Oligopoly
• C) Capitalistic competition
• D) Monopolistic competition
• E) Monopoly

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Definitions:

Total Collection Time

The average duration it takes for a business to collect payments owed by its customers.

Zero-balance Account

A type of bank account that maintains a balance of zero by automatically transferring funds from a master account in an exact amount to cover checks presented.

As-needed Basis

A method or arrangement where resources are utilized or tasks are performed as and when required, rather than on a scheduled or continuous basis.

Cash Management

The process of collecting, managing, and investing a company’s cash and cash equivalents.