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प्रश्न
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
विकल्प
True
False
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उत्तर
This statement is True.
Explanation:
A monopolist faces a downward-sloping demand curve, which means in order to boost sales, the monopolist must lower the price. This is because, in a monopoly, the firm is the only source of the goods, and if it wants to sell more, it must lower the price to attract more buyers, as it cannot sell an unlimited number at a high price.
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संबंधित प्रश्न
Which of the following is the least competitive market?
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 |
Identify the market form for the following:
Railways in India.
Identify the market form for the following:
Textile industry in India.
Identify the market form for the following:
Telecom industry in India.
Explain any four features of perfect competition.
Explain the main characteristics of a monopoly.
Product differentiation is practised in monopolistic competition? Give reasons.
What is meant by the term ‘price taker’?
There are a large number of buyers and sellers under a ______ market.
