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प्रश्न
State the advantage of monopolistic competition over monopoly.
Giving reasons state the advantages of monopolistic competition over monopoly.
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उत्तर
Advantages of monopolistic competition over monopoly.
- The price charged by a firm under monopolistic competition is lower than the price charged by a monopolist.
- Large varieties of the product are available in monopolistic competition, whereas a monopolist generally provides only one variety of the product.
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संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Selling costs are absent in perfect competition market.
A monopolist is price maker:
Indian Oil Corporation Limited is an example of a/an ______.
Pick the option which does not belong to the group.
Mention two features of monopoly.
Give three points of difference between perfect competition and monopoly.
Define monopolistic competition.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Identify the market form of the following:
Goods sold are homogeneous.
State the market form of the following commodity.
Shampoos
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Explain any four features of perfect competition.
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Soft drinks
Why can a monopolist charge different prices in different markets?
Which statement correctly describes monopsony?
