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प्रश्न
'A few big sellers' is a characteristic of ______.
विकल्प
Perfect competition
Monopolistic Competition
Oligopoly
All the above
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उत्तर
'A few big sellers' is a characteristic of oligopoly.
Explanation:
An oligopoly is defined as a market structure in which only a few large sellers or enterprises dominate the market. These corporations have considerable market power and may affect prices and output. This differs with perfect and monopolistic competition, which have a large number of sellers.
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
The seller in a monopoly market is a price maker.
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Producers in a monopoly are price makers. Briefly explain.
Give three points of difference between perfect competition and monopoly.
Define monopolistic competition.
Define oligopoly.
State the advantage of monopolistic competition over monopoly.
Why is there no need for selling cost under perfect competition?
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the item given below:
A single seller
Identify the market form for the item given below:
Homogeneous goods
Discuss any four differences between monopoly and monopolistic competition.
To which market is price discrimination relevant?
Give two examples of a monopolistically competitive market.
Why can a monopolist charge different prices in different markets?
What do you mean by homogeneous products?
Why do producers incur high selling costs in an imperfect market?
