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प्रश्न
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
विकल्प
A. (iv), B. (ii), C. (iii), D. (i)
A. (iii), B. (i), C. (ii), D. (iv)
A. (ii), B. (iii), C. (iv), D. (i)
A. (i), B. (ii), C. (iii), D. (iv)
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उत्तर
A. (ii), B. (iii), C. (iv), D. (i)
Explanation:
| Column I | Column II | ||
| A. | Monopoly | (ii) | Absence of close substitutes |
| B. | Oligopoly | (iii) | Few large sellers |
| C. | Perfect competition | (iv) | Homogeneous products |
| D. | Monopolistic competition | (i) | Availability of close substitutes |
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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
Indian Oil Corporation Limited is an example of a/an ______.
"The price of a product under perfect competition is determined by an individual seller."
What is meant by pure competition?
Identify the market form for the following:
Textile industry in India.
To which market form are homogeneous products relevant?
Mention one feature of a monopoly market.
Why an individual firm under perfect competition cannot influence the market price?
Why are selling costs incurred?
Which feature best distinguishes monopolistic competition from perfect competition?
