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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
Discuss any two features of a monopolistically competitive market.
Differentiated products is a characteristic of ______.
Pick the option which does not belong to the group.
Which of the following is the least competitive market?
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Give an example of monopsony.
State the market form of the following commodity.
Fighter Aircrafts
Which type of market structure is the following? Give reason.
Trucks
What is the difference between perfect and imperfect oligopoly?
There is inverse relation between price and demand for the product of a firm under ______.
