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प्रश्न
Give an example of price discrimination.
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उत्तर
Example: Indian Railways charge lower fares from senior citizens of the country as compared to other citizens.
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संबंधित प्रश्न
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
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
"The price of a product under perfect competition is determined by an individual seller."
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Which one of the following is NOT found in a perfectly competition market?
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
In which form of market is the seller a price taker? Justify your answer.
Product differentiation is practised in monopolistic competition? Give reasons.
Identify the market form from the following.
Perfect knowledge
Name the characteristic which makes monopolistic competition different from perfect competition.
