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प्रश्न
Give an example of price discrimination.
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उत्तर
Example: Indian Railways charge lower fares from senior citizens of the country as compared to other citizens.
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संबंधित प्रश्न
Explain three features of Perfect competitive market.
"The price of a product under perfect competition is determined by an individual seller."
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 |
State two important characteristics of monopoly.
Identify the market form for the item given below:
Homogeneous goods
Identify the market form for the item given below:
Product differentiation
Which type of market structure is the following? Give reason.
Soft drinks
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
What is the difference between perfect and imperfect oligopoly?
Which statement correctly describes monopsony?
