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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
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
Marginal revenue of a firm is constant throughout under:
A monopolist is price maker:
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Define oligopoly.
Define product differentiation.
What are selling costs?
State the market form of the following commodity.
Fighter Aircrafts
Identify the market form for the item given below:
Product differentiation
In which market form is there a single seller and no close substitutes for the product?
