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प्रश्न
Find the odd word out:
Legal monopoly:
विकल्प
Patent
OPEC
Copyright
Trademark
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उत्तर
OPEC
Explanation:
A monopoly created by legal provisions of the government, such as patents, trademarks, copyrights is called a legal monopoly. Under this monopoly, potential competitors are prohibited from entering under the registered trademarks. It is also prohibited to imitate that mark or shape. E.g., Amul’s products.
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संबंधित प्रश्न
Name and explain the types of monopoly.
Find the odd word out:
Features of monopoly: Price maker, Entry barriers, Many sellers, Lack of substitutes
Complete the correlation:
Tea of Assam : ______ : : India Railways : Public monopoly.
- Assertion (A): Legal monopoly is created by registering a trade mark of a product.
- Reasoning (R): Legal action can be taken against a competitive firm copying a trade mark.
Find the odd word out:
Types of monopoly:
What is the basic feature that distinguishes a monopsony from other market structures?
Why does a monopsonist have the power to act as a price-maker in the factor market?
Which situation best shows low mobility of labour that increases monopsony power?
Which example best represents a monopsony in the labour market?
Which statement correctly links Joan Robinson to the concept of monopsony?
