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प्रश्न
Give two examples of a monopolistically competitive market.
Give an example of monopolistic competition.
Give two examples of monopolistically competitive market structure.
Give two examples of monopolistic markets in India.
Give two examples of monopolistic competition.
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उत्तर
- One well-known example of monopolistic competition is the restaurant business. To set themselves apart from other restaurants, each restaurant provides a unique eating experience, food, atmosphere, and level of service.
- Another example is the clothing sector. Clothes from different brands serve the same basic purpose but differ in terms of price, design, brand reputation, and quality. Because of the uniqueness of its products, every brand has some degree of control over its price.
Notes
Students should refer to the answer according to their question.
APPEARS IN
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Which two forms of market earn normal profit in the long run?
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
“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
Differentiated products is a characteristic of ______.
'A few big sellers' is a characteristic of ______.
In monopolistic competition, there are ______.
Indian Railways is an example of ______.
A monopolist is price maker:
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 : ______
Which one of the following is NOT found in a perfectly competition market?
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.
What is meant by pure competition?
Give three points of difference between perfect competition and monopoly.
Define monopsony.
Give two characteristics of perfect competition.
What are selling costs?
Why is there no need for selling cost under perfect competition?
Identify the market form for the following:
Perfectly elastic demand.
State the market form of the following commodity.
Railways
State the market form of the following commodity.
Automobiles
State the market form of the following commodity.
Shampoos
Identify the market form for the item given below:
A single buyer
Which type of market structure is the following? Give reason.
Ball-pen
What is the effect on price when a perfectly competitive firm tries to sell more?
In what respects does oligopoly differ from monopoly?
Elaborate the price discrimination feature of monopoly.
Identify the market form from the following.
Perfect knowledge
Why do producers incur high selling costs in an imperfect market?
What is a price making firm?
Why an individual firm under perfect competition cannot influence the market price?
Why are selling costs incurred?
In which market form is there a single seller and no close substitutes for the product?
Which feature best distinguishes monopolistic competition from perfect competition?
In which type of market are firms interdependent and a few large firms dominate?
