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प्रश्न
State the market form of the following commodity.
Automobiles
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उत्तर
The market form of automobiles is an oligopoly.
संबंधित प्रश्न
Explain three features of Perfect competitive 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.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Imperfect knowledge is a characteristic feature of:
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
Give three points of difference between perfect competition and monopoly.
State two important characteristics of monopoly.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Identify the market form for the following:
Railways in India.
Identify the market form for the following:
Perfectly elastic demand.
Identify the market form for the item given below:
A single seller
Explain any four features of perfect competition.
Name the market which has characteristics both of monopoly and perfect competition.
Identify the market form from the following.
Price discrimination
Which feature best distinguishes monopolistic competition from perfect competition?
