Advertisements
Advertisements
प्रश्न
State the market form of the following commodity.
Automobiles
Advertisements
उत्तर
The market form of automobiles is an oligopoly.
संबंधित प्रश्न
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
Marginal revenue of a firm is constant throughout under:
A seller cannot influence the market price under:
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 |
There is no difference between perfect competition and pure competition.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Pick the option which does not belong to the group.
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
What is meant by pure competition?
Define monopsony.
Give two characteristics of perfect competition.
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the item given below:
Homogeneous goods
Which type of market structure is the following? Give reason.
Trucks
What is meant by barriers to entry?
What is the effect on price when a perfectly competitive firm tries to sell more?
Name the market which has characteristics both of monopoly and perfect competition.
There are a large number of buyers and sellers under a ______ market.
In which type of market are firms interdependent and a few large firms dominate?
