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प्रश्न
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
विकल्प
Monopoly market
Perfectly competitive market
Monopolistically competitive market
Monopsony market
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उत्तर
Monopoly market
Explanation:
In a monopoly market, there is only one producer of a commodity and no close substitutes. A monopoly occurs when a single corporation controls the market and has vast control over the product's pricing and supply.
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संबंधित प्रश्न
Define Discriminating Monopoly.
Non-price competition is ______.
Indian Railways is an example of ______.
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 |
Give three points of difference between perfect competition and monopoly.
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the item given below:
Product differentiation
Elaborate the price discrimination feature of monopoly.
Identify the market form from the following.
Perfect knowledge
