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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
Identify the market having a single buyer and many sellers from the following:
In which type of market price discrimination is practiced? Explain with an example.
Explain three features of Perfect competitive market.
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
There is no difference between perfect competition and pure competition.
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. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
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 |
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Give an example of oligopoly.
State the market form of the following commodity.
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Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
What is meant by the term ‘price taker’?
What is the difference between collusive and non-collusive oligopoly?
Name the market which has characteristics both of monopoly and perfect competition.
What is a price making firm?
Which statement correctly describes monopsony?
