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प्रश्न
Name the market which has characteristics both of monopoly and perfect competition.
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उत्तर
Monopolistic competition has the characteristics both of monopoly and perfect competition. It has features of both monopoly and competition.
संबंधित प्रश्न
How is Perfect competitive market is different from a monopoly market?
'Homogeneous products' is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
The seller in a monopoly market is a price maker.
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 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
State two important characteristics of monopoly.
What are selling costs?
State the advantage of monopolistic competition over monopoly.
State the market form of the following commodity.
Railways
State the market form of the following commodity.
Automobiles
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.
Which market form has the least number of producers?
In what respects does oligopoly differ from monopoly?
Identify the market form from the following.
Perfect knowledge
Identify the market form from the following:
A few large sellers
Why do producers incur high selling costs in an imperfect market?
In which type of market are firms interdependent and a few large firms dominate?
