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प्रश्न
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
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उत्तर
The market form in which the Government of India is the sole buyer of fighter aircraft is known as a monopsony.
संबंधित प्रश्न
Following is the feature of perfect competition:
Differentiated products is a characteristic of ______.
Indian Oil Corporation Limited is an example of a/an ______.
"The price of a product under perfect competition is determined by an individual seller."
The seller in a monopoly market is a price maker.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
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 |
Define oligopoly.
Give two characteristics of perfect competition.
To which market is product differentiation relevant?
State the advantage of monopolistic competition over monopoly.
State the market form of the following commodity.
Shampoos
Give an example of price discrimination.
What is meant by the term ‘price taker’?
What induces new firms to enter an industry?
Identify the market form from the following.
Perfect knowledge
Why are selling costs incurred?
