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प्रश्न
Which type of market structure is the following? Give reason.
Mobile phone services
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उत्तर
The market structure for mobile phone services is oligopoly.
Reason:
- In most countries, a few large corporations dominate the mobile phone service sector, including Verizon, AT&T, Vodafone, and Reliance Jio.
- However, they are also competing with each other, and their pricing and service decisions are interconnected, which is a major feature of an oligopolistic market.
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संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
Imperfect knowledge is a characteristic feature of:
Define monopsony.
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the item given below:
A single seller
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Lipstick
Which type of market structure is the following? Give reason.
Ball-pen
Why can a monopolist charge different prices in different markets?
