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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
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Non-price competition is ______.
Marginal revenue of a firm is constant throughout under:
Which among the following is a feature of monopsony market?
Pick the option which does not belong to the group.
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Which of the following is the least competitive market?
What is meant by pure competition?
Mention two features of monopoly.
Give an example of monopsony.
State the market form of the following commodity.
Railways
State the market form of the following commodity.
Automobiles
Give an example of price discrimination.
Product differentiation is practised in monopolistic competition? Give reasons.
Give two examples of a monopolistically competitive market.
To which market form are homogeneous products relevant?
Name the characteristic which makes monopolistic competition different from perfect competition.
Why are selling costs incurred?
Which feature best distinguishes monopolistic competition from perfect competition?
Which statement correctly describes monopsony?
