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प्रश्न
Give an example of oligopoly.
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उत्तर
An example of an oligopoly is the car market.
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संबंधित प्रश्न
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
'A few big sellers' is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
Indian Oil Corporation Limited is an example of a/an ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
Define perfect competition.
Define monopolistic competition.
Give an example of monopsony.
Identify the market form of the following:
Motor car market in India.
Give an example of monopoly.
Explain the main characteristics of a monopoly.
To which market is price discrimination relevant?
What is meant by the term ‘price taker’?
What induces new firms to enter an industry?
What is the effect on price when a perfectly competitive firm tries to sell more?
Which of the following is an example of a perfectly competitive market?
