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प्रश्न
Identify the market form from the following:
A few large sellers
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उत्तर
Oligopoly
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
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 |
The seller in a monopoly market is a price maker.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Which one of the following is NOT found in a perfectly competition market?
Which of the following is the least competitive market?
Define perfect competition.
What is meant by pure competition?
Producers in a monopoly are price makers. Briefly explain.
Define product differentiation.
Identify the market form for the item given below:
A single seller
Name the market in which there is a single buyer and many sellers. Give an example.
Give an example of monopoly.
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Scooters
Give two examples of a monopolistically competitive market.
Mention one feature of a monopoly market.
Why an individual firm under perfect competition cannot influence the market price?
Which feature best distinguishes monopolistic competition from perfect competition?
In which type of market are firms interdependent and a few large firms dominate?
