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प्रश्न
Discuss any four differences between monopoly and monopolistic competition.
Distinguish between monopoly and monopolistic competition.
In what ways does monopoly differ from monopolistic competition?
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उत्तर
| Sr. No. | Basis | Monopoly | Monopolistic competition |
| 1. | Number of Sellers | There exists only single seller. | There are a large number of small sellers. |
| 2. | Product | Monopolist may sell homogeneous or differentiated products | Products are different but are close substitute of one another. |
| 3. | Entry of Firms | Entry of new firms in the market is restricted. | Free entry or exit of firms into the market. |
| 4. | Selling Costs | Only informative selling costs are incurred. | Huge amount of money is spent on advertisements, etc. |
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संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
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A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Which among the following is a feature of monopsony market?
Pick the option which does not belong to the group.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
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.
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Which of the following market types has the fewest number of firms?
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Read the following statements carefully and choose the correct alternative:
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Reason (R): Firm is a price maker under perfect competition.
Define perfect competition.
Define monopsony.
Give an example of monopsony.
Why is there no need for selling cost under perfect competition?
Identify the market form for the following:
Textile industry in India.
State the market form of the following commodity.
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State the market form of the following commodity.
Automobiles
Identify the market form for the item given below:
A single seller
Which type of market structure is the following? Give reason.
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To which market form are homogeneous products relevant?
What induces new firms to enter an industry?
What is the difference between collusive and non-collusive oligopoly?
In what respects does oligopoly differ from monopoly?
Identify the market form from the following:
A few large sellers
In which market form is there a single seller and no close substitutes for the product?
