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प्रश्न
Identify the market form from the following:
A few large sellers
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उत्तर
Oligopoly
संबंधित प्रश्न
Define Discriminating Monopoly.
“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
'Homogeneous products' is a characteristic of ______.
'A few big sellers' is a characteristic of ______.
There is no difference between perfect competition and pure competition.
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 |
Define perfect competition.
Mention two features of monopoly.
Give three points of difference between perfect competition and monopoly.
Give an example of monopsony.
In which form of market is the seller a price taker? Justify your answer.
Identify the market form of the following:
Goods sold are homogeneous.
State the market form of the following commodity.
Fighter Aircrafts
Identify the market form for the item given below:
A single seller
Explain any four features of perfect competition.
Product differentiation is practised in monopolistic competition? Give reasons.
What is meant by barriers to entry?
In what respects does oligopoly differ from monopoly?
Identify the market form from the following.
Price discrimination
Mention one feature of a monopoly market.
