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प्रश्न
A monopolist is price maker:
विकल्प
True
False
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उत्तर
This statement is True.
Explanation:
A monopolist is a price maker because, as the only seller in the market, the monopolist has the authority to establish the price of the commodity. Because there are no competitors, the monopolist can control the price by altering the supply of the commodity.
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संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
What are selling costs?
Identify the market form of the following:
Market for toilet soaps in India.
Give an example of monopoly.
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
To which market form are homogeneous products relevant?
What is the difference between perfect and imperfect oligopoly?
Why do producers incur high selling costs in an imperfect market?
Which feature best distinguishes monopolistic competition from perfect competition?
