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प्रश्न
A monopolist is price maker:
पर्याय
True
False
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उत्तर
This statement is True.
Explanation:
A monopolist is a price maker because, as the only seller in the market, the monopolist has the authority to establish the price of the commodity. Because there are no competitors, the monopolist can control the price by altering the supply of the commodity.
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संबंधित प्रश्न
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 |
Which of the following market types has the fewest number of firms?
Define perfect competition.
Identify the market form for the following:
Textile industry in India.
Identify the market form for the item given below:
Homogeneous goods
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Which type of market structure is the following? Give reason.
Soft drinks
To which market is price discrimination relevant?
To which market form are homogeneous products relevant?
In which market form is there a single seller and no close substitutes for the product?
