Advertisements
Advertisements
प्रश्न
'Homogeneous products' is a characteristic of ______.
पर्याय
Perfect competition only
Pure oligopoly only
Both Perfect competition only and Pure oligopoly only
None of the above
Advertisements
उत्तर
'Homogeneous products' is a characteristic of perfect competition only and pure oligopoly only.
Explanation:
Perfect competition and pure oligopoly both produce homogeneous products. In perfect competition, all businesses sell the same things with no differentiation. Similarly, in a true oligopoly, the few firms in the market provide similar products, with little difference between the items offered by different enterprises.
संबंधित प्रश्न
Define Discriminating Monopoly.
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
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
Following is the feature of perfect competition:
Differentiated products is a characteristic of ______.
A seller cannot influence the market price under:
In monopolistic competition, there are ______.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Which of the following market types has the fewest number of firms?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
What is meant by pure competition?
Producers in a monopoly are price makers. Briefly explain.
What are selling costs?
State the advantage of monopolistic competition over monopoly.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form for the item given below:
Product differentiation
Define monopoly.
Which type of market structure is the following? Give reason.
Jeans
Give two examples of a monopolistically competitive market.
In which market form is there a single seller and no close substitutes for the product?
