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State the market form of the following commodity. Automobiles - Economic Applications

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प्रश्न

State the market form of the following commodity.

Automobiles

एक पंक्ति में उत्तर
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उत्तर

The market form of automobiles is an oligopoly.

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अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३८]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 22. (ii) | पृष्ठ १३८
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
Exercise | Q 21. (ii) | पृष्ठ ११६

संबंधित प्रश्न

Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.


'Homogeneous products' is a characteristic of ______.


A seller cannot influence the market price under:


Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?


Which of the following statements are true?

  1. Monopolistically competitive markets have high selling costs.
  2. Monopolistically competitive markets sell homogeneous goods.
  3. Any firm can start a business in a monopolistically competitive market.

Read the given statements carefully and select the correct option.

  1. The number of sellers under oligopoly are small.
  2. In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.

Which of the following market types has the fewest number of firms?


Which of the following is the least competitive market?


What is meant by pure competition?


Give three points of difference between perfect competition and monopoly. 


Identify the market form of the following:

Motor car market in India.


Identify the market form for the item given below:

A single buyer


Explain the main characteristics of a monopoly.


Which type of market structure is the following? Give reason.

Trucks


Which type of market structure is the following? Give reason.

Scooters


Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.


Why can a monopolist charge different prices in different markets?


Which market form has the least number of producers?


Elaborate the price discrimination feature of monopoly.


Name the characteristic which makes monopolistic competition different from perfect competition.


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