Find the odd one out from the given alternatives:
- (a)Monopoly
- (b)Oligopoly
- (c)Barter
- (d)Duopoly
Answer
Why
Correct — C.
Rule: three options are market structures named by how many firms sell.
Monopoly: one seller. Duopoly: two. Oligopoly: a few.
Barter is not a market structure: it is swapping goods for goods, with no money.
The odd one out is Barter → option (c).
Why the others are wrong
- (a)Monopoly — Monopoly is a market with a single seller. It belongs with duopoly and oligopoly, which name markets by the number of sellers.
- (b)Oligopoly — Oligopoly is a market with a few sellers. Like monopoly and duopoly, it describes a market structure, so it sits inside the group.
- (d)Duopoly — Duopoly is a market with exactly two sellers, the simplest case of oligopoly. It fits the seller-count group, so it is not the odd one.
Concept
An odd-one-out item asks for the shared category of three options. Here the three -poly words name market structures by the number of sellers: mono (one), duo (two), oligo (a few). The ending comes from the Greek word for selling.
Barter names a way of exchanging, trading goods directly for goods, not a count of sellers. That puts it outside the group.
Spelling points the same way, since three words end in -poly and one does not. The meaning is the safer reason: a surface pattern can mislead when the options are chosen to share it.
Key facts
- Monopoly: one seller. Duopoly: two sellers. Oligopoly: a few sellers.
- A duopoly is the simplest form of oligopoly.
- Barter is the direct exchange of goods for goods, without money.
Study next
Common traps
- Picking Duopoly because it is the least familiar word, though it is a market structure like the others
- Grouping barter with the rest because all four are about trade
20 Sep 2025, 12:30, Reasoning Q.20 sets economic terms the same way: Balance of Trade, Balance of Payments and Current Account Deficit against Food Security Act, the keyed odd one.
12 Sep 2024, 12:30, General Awareness Q.18 asks about barter directly: goods used as the medium of exchange, keyed Barter exchange.
Related PYQs
No directly related past PYQ was found.