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प्रश्न
Identify the market form for the following:
Railways in India.
Which type of market structure is the following? Give reason.
Indian railways
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उत्तर
The market form for Railways in India is a monopoly.
Reason:
In India, the government operates and controls railway services through Indian Railways, which is the sole provider of rail transit for passengers and freight. Because no rival enterprises are providing identical railway services, Indian Railways has a monopoly in this industry. The government controls the railway industry's pricing, service provision, and infrastructure.
Notes
Students should refer to the answer according to their questions.
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संबंधित प्रश्न
'Homogeneous products' is a characteristic of ______.
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 seller in a monopoly market is a price maker.
Imperfect knowledge is a characteristic feature of:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
Define perfect competition.
What is meant by pure competition?
Mention two features of monopoly.
Give three points of difference between perfect competition and monopoly.
Give an example of oligopoly.
Highlight the importance of selling costs in a monopolistically compatible market.
In which form of market is the seller a price taker? Justify your answer.
Identify the market form of the following:
Motor car market in India.
Identify the market form for the following:
Perfectly elastic demand.
Discuss any four differences between monopoly and monopolistic competition.
What do you mean by homogeneous products?
Elaborate the price discrimination feature of monopoly.
Which of the following is an example of a perfectly competitive market?
