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प्रश्न
Which of the following market types has the fewest number of firms?
विकल्प
Perfect Competition
Monopoly
Monopolistic competition
Monopsony
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उत्तर
Monopoly
Explanation:
A monopolistic market has the fewest number of enterprises since only one firm controls the whole market. This firm is the only manufacturer or provider of a product or service, as opposed to other market categories that have several enterprises.
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संबंधित प्रश्न
In which type of market price discrimination is practiced? Explain with an example.
“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.
Imperfect knowledge is a characteristic feature of:
Define monopolistic competition.
Define monopsony.
Identify the market form for the following:
Railways in India.
Identify the market form for the following:
Telecom industry in India.
Mention one feature of a monopoly market.
What is a price making firm?
