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प्रश्न
Identify the market form for the following:
Railways in India.
Which type of market structure is the following? Give reason.
Indian railways
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उत्तर
The market form for Railways in India is a monopoly.
Reason:
In India, the government operates and controls railway services through Indian Railways, which is the sole provider of rail transit for passengers and freight. Because no rival enterprises are providing identical railway services, Indian Railways has a monopoly in this industry. The government controls the railway industry's pricing, service provision, and infrastructure.
Notes
Students should refer to the answer according to their questions.
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संबंधित प्रश्न
Selling costs are absent in perfect competition market.
'Homogeneous products' is a characteristic of ______.
'A few big sellers' is a characteristic of ______.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
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 : ______
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.
Which of the following market types has the fewest number of firms?
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Give three points of difference between perfect competition and monopoly.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the item given below:
A single seller
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Which type of market structure is the following? Give reason.
Scooters
Which type of market structure is the following? Give reason.
Jeans
What is the effect on price when a perfectly competitive firm tries to sell more?
Name the market which has characteristics both of monopoly and perfect competition.
What is a price making firm?
