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प्रश्न
'A few big sellers' is a characteristic of ______.
पर्याय
Perfect competition
Monopolistic Competition
Oligopoly
All the above
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उत्तर
'A few big sellers' is a characteristic of oligopoly.
Explanation:
An oligopoly is defined as a market structure in which only a few large sellers or enterprises dominate the market. These corporations have considerable market power and may affect prices and output. This differs with perfect and monopolistic competition, which have a large number of sellers.
संबंधित प्रश्न
How is Perfect competitive market is different from a monopoly market?
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
'Homogeneous products' is a characteristic of ______.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Imperfect knowledge is a characteristic feature of:
What is meant by pure competition?
Mention two features of monopoly.
State two important characteristics of monopoly.
To which market is product differentiation relevant?
State the market form of the following commodity.
Automobiles
Give an example of monopoly.
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Mobile phone services
Name the market which has characteristics both of monopoly and perfect competition.
Mention one feature of a monopoly market.
Name the characteristic which makes monopolistic competition different from perfect competition.
Why an individual firm under perfect competition cannot influence the market price?
Why are selling costs incurred?
Which statement correctly describes monopsony?
