Advertisements
Advertisements
प्रश्न
What is a price making firm?
एक पंक्ति में उत्तर
Advertisements
उत्तर
When a firm itself determines the price of the product, it is called a price maker firm.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
APPEARS IN
संबंधित प्रश्न
“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
'A few big sellers' is a characteristic of ______.
A monopolist is price maker:
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Which of the following is the least competitive market?
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 |
Identify the market form for the following:
Textile industry in India.
Name the market in which there is a single buyer and many sellers.
Give an example of monopoly.
In what respects does oligopoly differ from monopoly?
