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प्रश्न
State two important characteristics of monopoly.
संक्षेप में उत्तर
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उत्तर
Characteristics of monopoly are as follows:
- There is only a single firm in the market.
- No close substitutes of the product are available in the market.
- Firm is a price maker.
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क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
Non-price competition is ______.
Following is the feature of perfect competition:
A monopolist is price maker:
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 |
Define oligopoly.
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.
What is meant by barriers to entry?
In which type of market are firms interdependent and a few large firms dominate?
