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To which market is product differentiation relevant? - Economic Applications

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प्रश्न

To which market is product differentiation relevant?

To which market form is product differentiation relevant? 

एक पंक्ति में उत्तर
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उत्तर

Product differentiation is a key feature of monopolistic competition.

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अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३८]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 14. ii | पृष्ठ १३८
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
Exercise | Q 15. (ii) | पृष्ठ ११६
गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTION BANK | Q 8. ii | पृष्ठ १४०
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
QUESTION BANK | Q 8. (ii) | पृष्ठ ११७

संबंधित प्रश्न

When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.


Non-price competition is ______.


How is Perfect competitive market is different from a monopoly market?


Following is the feature of perfect competition:


'A few big sellers' is a characteristic of ______.


A seller cannot influence the market price under:


A monopolist is price maker:


A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.


Which among the following is a feature of monopsony market?


Pick the option which does not belong to the group.


Which of the following market types has the fewest number of firms?


A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.

This is a case 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

Identify the market form for the item given below:

A single buyer


Explain the main characteristics of a monopoly.


To which market is price discrimination relevant?


Why can a monopolist charge different prices in different markets?


What does perfectly elastic demand curve faced by a competitive firm indicate?


Elaborate the price discrimination feature of monopoly.


Identify the market form from the following.

Price discrimination


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