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प्रश्न
What induces new firms to enter an industry?
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उत्तर
Abnormal profit
संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
“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
Pick the option which does not belong to the group.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
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 |
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Producers in a monopoly are price makers. Briefly explain.
Give three points of difference between perfect competition and monopoly.
Identify the market form of the following:
Motor car market in India.
Identify the market form for the item given below:
A single seller
Define monopoly.
Give an example of monopoly.
Explain the main characteristics of a monopoly.
With the help of an example explain the meaning of price discrimination.
What is the effect on price when a monopoly firm tries to sell more?
Identify the market form from the following.
Firm is a price maker.
Why an individual firm under perfect competition cannot influence the market price?
Which feature best distinguishes monopolistic competition from perfect competition?
In which type of market are firms interdependent and a few large firms dominate?
