हिंदी

'A few big sellers' is a characteristic of ______. - Economic Applications

Advertisements
Advertisements

प्रश्न

'A few big sellers' is a characteristic of ______.

विकल्प

  • Perfect competition

  • Monopolistic Competition

  • Oligopoly

  • All the above

MCQ
रिक्त स्थान भरें
Advertisements

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.

shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३४]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 5. | पृष्ठ १३४
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
Exercise | Q 5. | पृष्ठ ११३

संबंधित प्रश्न

The image above shows a departmental store of a market structure.

  1. Identify the form of market as observed from the above image.
  2. Discuss the features of this market form with respect to:
    1. Type of product
    2. Entry and exit of firms
    3. Selling cost

Explain three features of Perfect competitive market.


What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.


A seller cannot influence the market price under:


Observe the relationship of the first pair of words and complete the second pair.

Single seller in the market : Monopoly

Single buyer in the market : ______


The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:


A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.

This is a case of:


There are no substitute goods in a monopoly market. Give a reason to support your answer.


State the advantage of monopolistic competition over monopoly. 


Identify the market form of the following:

The Government of India is the sole buyer of fighter aircrafts.


Identify the market form of the following:

Goods sold are homogeneous.


State the market form of the following commodity.

Fighter Aircrafts


Explain any four features of perfect competition.


Which type of market structure is the following? Give reason.

Trucks


What induces new firms to enter an industry?


What is meant by barriers to entry?


What does perfectly elastic demand curve faced by a competitive firm indicate?


Identify the market form from the following.

Firm is a price maker. 


Why do producers incur high selling costs in an imperfect market?


Which statement correctly describes monopsony?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×