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

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प्रश्न

State the market form of the following commodity.

Shampoos

एक पंक्ति में उत्तर
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उत्तर

The market form of shampoos is monopolistic competition.

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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. (iii) | पृष्ठ १३८
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
Exercise | Q 21. (iii) | पृष्ठ ११६

संबंधित प्रश्न

Which two forms of market earn normal profit in the long run?


“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:

  1. What is the type of market referred to?
  2. State and draw the type of demand curve faced by the market above.
  3. Differentiate between the market indicated above and monopoly on the basis of:
    1. No. of sellers
    2. Market price
    3. Entry and exit of firms in the market

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


The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.


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:


Which of the following is the least competitive market?


What is meant by pure competition?


Producers in a monopoly are price makers. Briefly explain.


Define monopolistic competition.


Give an example of oligopoly. 


State two important characteristics of monopoly.


What are selling costs?


Give an example of price discrimination.


Explain the main characteristics of a monopoly.


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

Lipstick


Product differentiation is practised in monopolistic competition? Give reasons.


Identify the market form from the following.

Firm is a price maker. 


Identify the market form from the following:

A few large sellers


Why an individual firm under perfect competition cannot influence the market price?


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