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प्रश्न
Which of the following is the least competitive market?
विकल्प
Farming
Indian Railways
Air India
Mcdonald's
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उत्तर
Indian Railways
Explanation:
Indian Railways runs as a monopoly, with just one provider of train services in the country, making it the least competitive market. Unlike farming, Air India, and McDonald's, which compete in their own marketplaces, Indian Railways has no direct competitors in the rail transit industry.
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संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
Following is not the feature of perfect competition:
Marginal revenue of a firm is constant throughout under:
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
State two important characteristics of monopoly.
Define product differentiation.
Give an example of price discrimination.
Which statement correctly describes monopsony?
