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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
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 |
Which among the following is a feature of monopsony market?
Pick the option which does not belong to the group.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Imperfect knowledge is a characteristic feature of:
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Give two characteristics of perfect competition.
State two important characteristics of monopoly.
In which form of market is the seller a price taker? Justify your answer.
State the market form of the following commodity.
Railways
Identify the market form for the item given below:
A single buyer
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
With the help of an example explain the meaning of price discrimination.
To which market is price discrimination relevant?
To which market form are homogeneous products relevant?
What is the effect on price when a monopoly firm tries to sell more?
Name the market which has characteristics both of monopoly and perfect competition.
Identify the market form from the following.
Perfect knowledge
Which of the following is an example of a perfectly competitive market?
Which feature best distinguishes monopolistic competition from perfect competition?
