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State Whether the Following Statement is True and False. in a Monopoly Market, Firm and Industry Are the Same. - Economics

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प्रश्न

State whether the following statement is TRUE and FALSE.

In a monopoly market, firm and industry are the same.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य
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उत्तर

True
A monopoly market consists of only one seller or firm. This single firm caters to the needs of a large number of buyers. Because there is only firm in the market, the firm is regarded as the industry.

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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 6: Forms of Market and Price Determination Under Perfect Competition - Exercise 1 [पृष्ठ ५२]

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मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 6 Forms of Market and Price Determination Under Perfect Competition
Exercise 1 | Q 3.2 | पृष्ठ ५२
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