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प्रश्न
Differentiated products is a characteristic of ______.
पर्याय
Monopolistic competition only
Imperfect oligopoly only
Both monopolistic competition and imperfect oligopoly only
Monopoly
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उत्तर
Differentiated products is a characteristic of monopolistic competition and imperfect oligopoly only.
Explanation:
Differentiated products are seen in both monopolistic competition and imperfect oligopoly. Monopolistic competition occurs when firms sell similar but not identical items, allowing for product differentiation. In an imperfect oligopoly, firms distinguish their products in order to compete with one another, whereas, in a pure oligopoly, products are uniform.
संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
Pick the option which does not belong to the group.
Imperfect knowledge is a characteristic feature of:
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 |
What is meant by pure competition?
Give three points of difference between perfect competition and monopoly.
Define monopolistic competition.
Give an example of monopsony.
Why is there no need for selling cost under perfect competition?
Identify the market form for the following:
Telecom industry in India.
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Discuss any four differences between monopoly and monopolistic competition.
What is meant by barriers to entry?
What is the effect on price when a monopoly firm tries to sell more?
What is the difference between perfect and imperfect oligopoly?
What is the difference between collusive and non-collusive oligopoly?
What does perfectly elastic demand curve faced by a competitive firm indicate?
Mention one feature of a monopoly market.
