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प्रश्न
There is inverse relation between price and demand for the product of a firm under ______.
विकल्प
Monopoly only
Monopolistic competition only
Both under monopoly and monopolistic competition
Perfect competition only
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उत्तर
There is inverse relation between price and demand for the product of a firm under monopoly and monopolistic competition.
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संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Define oligopoly.
Identify the market form for the item given below:
A single seller
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Ball-pen
To which market form are homogeneous products relevant?
What is meant by the term ‘price taker’?
What is the difference between perfect and imperfect oligopoly?
