Advertisements
Advertisements
प्रश्न
Pick the option which does not belong to the group.
विकल्प
Railways
Shampoos
Televisions
Biscuits
Advertisements
उत्तर
Railways
Explanation:
Railways are typically a monopoly market (particularly in countries like India, where the government owns and operates the railways), whereas shampoos, televisions, and biscuits are products found in competitive markets such as monopolistic competition or oligopoly, in which many producers offer differentiated goods.
APPEARS IN
संबंधित प्रश्न
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’.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Define oligopoly.
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the following:
Perfectly elastic demand.
Identify the market form for the item given below:
A single buyer
Discuss any four differences between monopoly and monopolistic competition.
What is the difference between collusive and non-collusive oligopoly?
Which statement correctly describes monopsony?
