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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
Discuss any two features of a monopolistically competitive market.
The seller in a monopoly market is a price maker.
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Define monopsony.
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Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
Elaborate the price discrimination feature of monopoly.
There are a large number of buyers and sellers under a ______ market.
What is a price making firm?
In which market form is there a single seller and no close substitutes for the product?
