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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
Following is the feature of perfect competition:
Following is not the feature of perfect competition:
Marginal revenue of a firm is constant throughout under:
The seller in a monopoly market is a price maker.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Mention two features of monopoly.
Producers in a monopoly are price makers. Briefly explain.
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Define monopolistic competition.
What are selling costs?
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the following:
Telecom industry in India.
Which type of market structure is the following? Give reason.
Mobile phone services
With the help of an example explain the meaning of price discrimination.
To which market form are homogeneous products relevant?
What is the difference between collusive and non-collusive oligopoly?
Identify the market form from the following.
Perfect knowledge
There are a large number of buyers and sellers under a ______ market.
Why are selling costs incurred?
In which type of market are firms interdependent and a few large firms dominate?
