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प्रश्न
Differentiated products is a characteristic of ______.
विकल्प
Monopolistic competition only
Imperfect oligopoly only
Both monopolistic competition and imperfect oligopoly only
Monopoly
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उत्तर
Differentiated products is a characteristic of monopolistic competition and imperfect oligopoly only.
Explanation:
Differentiated products are seen in both monopolistic competition and imperfect oligopoly. Monopolistic competition occurs when firms sell similar but not identical items, allowing for product differentiation. In an imperfect oligopoly, firms distinguish their products in order to compete with one another, whereas, in a pure oligopoly, products are uniform.
संबंधित प्रश्न
Non-price competition is ______.
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) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
Indian Oil Corporation Limited is an example of a/an ______.
Which among the following is a feature of monopsony market?
Imperfect knowledge is a characteristic feature of:
Which one of the following is NOT found in a perfectly competition market?
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
Identify the market form for the following:
Perfectly elastic demand.
State the market form of the following commodity.
Railways
Identify the market form for the item given below:
A single seller
Define monopoly.
Which type of market structure is the following? Give reason.
Trucks
Product differentiation is practised in monopolistic competition? Give reasons.
In what respects does oligopoly differ from monopoly?
Identify the market form from the following:
A few large sellers
Why do producers incur high selling costs in an imperfect market?
