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प्रश्न
Which type of market structure is the following? Give reason.
Scooters
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उत्तर
The market structure for scooters is oligopoly.
Reason:
- The scooter market is dominated by a few major players, including Honda, Yamaha, TVS, and Vespa, which control an important part of the market.
- These companies provide differentiated products with distinguishing characteristics such as fuel efficiency, engine power, and design.
- While they have some price power, they must also consider their competitors' pricing and strategies, as usual in an oligopoly market.
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संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
Following is the feature of perfect competition:
Indian Oil Corporation Limited is an example of a/an ______.
"The price of a product under perfect competition is determined by an individual seller."
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Why is there no need for selling cost under perfect competition?
What is the difference between perfect and imperfect oligopoly?
There is inverse relation between price and demand for the product of a firm under ______.
Name the characteristic which makes monopolistic competition different from perfect competition.
Why an individual firm under perfect competition cannot influence the market price?
