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प्रश्न
Pick the option which does not belong to the group.
विकल्प
Railways
Shampoos
Televisions
Biscuits
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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.
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संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
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 of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Producers in a monopoly are price makers. Briefly explain.
Define product differentiation.
State the market form of the following commodity.
Shampoos
State the market form of the following commodity.
Fighter Aircrafts
What is the effect on price when a perfectly competitive firm tries to sell more?
What is the effect on price when a monopoly firm tries to sell more?
Identify the market form from the following.
Perfect knowledge
