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Identify the market form from the following. Perfect knowledge - Economic Applications

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प्रश्न

Identify the market form from the following.

Perfect knowledge

एक पंक्ति में उत्तर
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उत्तर

Perfect competition

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अध्याय 5: Nature and Structure of Markets - QUESTION BANK [पृष्ठ १४३]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTION BANK | Q 37. (iv) | पृष्ठ १४३
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
QUESTION BANK | Q 41. (iv) | पृष्ठ १२१

संबंधित प्रश्न

Non-price competition is ______.


The image above shows a departmental store of a market structure.

  1. Identify the form of market as observed from the above image.
  2. Discuss the features of this market form with respect to:
    1. Type of product
    2. Entry and exit of firms
    3. Selling cost

Marginal revenue of a firm is constant throughout under:


Match the following and select the correct option: 

  Column I   Column II
(i) Perfect competition (A) Differentiated Products
(ii) Monopoly (B) Few large firms
(iii) Monopolistic Competition (C) Single seller
(iv) Oligopoly (D) Homogeneous products

"The price of a product under perfect competition is determined by an individual seller."


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 : ______


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.


Identify the market form of the following:

Goods sold are homogeneous.


Identify the market form of the following:

Motor car market in India.


Identify the market form for the item given below:

A single seller


Identify the market form for the item given below:

Product differentiation


Name the market in which there is a single buyer and many sellers.


Explain any four features of perfect competition.


Which type of market structure is the following? Give reason.

Scooters


Which type of market structure is the following? Give reason.

Ball-pen


Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.


Give two examples of a monopolistically competitive market.


Identify the market form from the following.

Price discrimination


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