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प्रश्न
Indian Railways is an example of ______.
विकल्प
Monopolistic competition
Perfect competition
Monopoly
Oligopoly
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उत्तर
Indian Railways is an example of Monopoly.
Explanation:
Indian Railways is an example of a monopoly because it is India's sole provider of railway transportation services, which is government-controlled. There are no direct competitors in the rail transport business; hence, Indian Railways has complete control over price and services.
संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
Imperfect knowledge is a characteristic feature of:
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
Define monopsony.
State two important characteristics of monopoly.
In which form of market is the seller a price taker? Justify your answer.
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 of the following:
Market for toilet soaps in India.
Identify the market form for the following:
Railways in India.
State the market form of the following commodity.
Fighter Aircrafts
Explain any four features of perfect competition.
Discuss any four differences between monopoly and monopolistic competition.
What does perfectly elastic demand curve faced by a competitive firm indicate?
Name the characteristic which makes monopolistic competition different from perfect competition.
In which type of market are firms interdependent and a few large firms dominate?
