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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
Following is not the feature of perfect competition:
A seller cannot influence the market price under:
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
What is meant by pure competition?
State the market form of the following commodity.
Railways
Identify the market form for the item given below:
A single seller
To which market form are homogeneous products relevant?
What does perfectly elastic demand curve faced by a competitive firm indicate?
Why are selling costs incurred?
