Advertisements
Advertisements
प्रश्न
State two important characteristics of monopoly.
संक्षेप में उत्तर
Advertisements
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.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
Define Discriminating Monopoly.
Following is the feature of perfect competition:
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Give an example of oligopoly.
Give two characteristics of perfect competition.
Highlight the importance of selling costs in a monopolistically compatible market.
What do you mean by homogeneous products?
Which market form has the least number of producers?
What is the difference between perfect and imperfect oligopoly?
Name the market which has characteristics both of monopoly and perfect competition.
