Give economic term:

1. The market where there are few sellers.
ANS: – Oligopoly

2. The point where demand and supply curve intersect.
ANS: – Equilibrium point/price

3. The cost incurred by the firm to promote sales.
ANS: – Selling Cost

4. Number of firms producing identical product
ANS:- Homogeneous Product

5. Charging different prices to different consumers for the same product or services.
ANS:- Price Discrimination