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प्रश्न
Indian Railways is an example of ______.
पर्याय
Monopolistic competition
Perfect competition
Monopoly
Oligopoly
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उत्तर
Indian Railways is an example of Monopoly.
Explanation:
Indian Railways is an example of a monopoly because it is India's sole provider of railway transportation services, which is government-controlled. There are no direct competitors in the rail transport business; hence, Indian Railways has complete control over price and services.
संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
How is Perfect competitive market is different from a monopoly market?
Selling costs are absent in perfect competition market.
“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:
"The price of a product under perfect competition is determined by an individual seller."
Which of the following market types has the fewest number of firms?
Which of the following is the least competitive market?
State two important characteristics of monopoly.
Identify the market form of the following:
Goods sold are homogeneous.
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Trucks
Which type of market structure is the following? Give reason.
Scooters
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Soft drinks
Why can a monopolist charge different prices in different markets?
What is meant by the term ‘price taker’?
Name the characteristic which makes monopolistic competition different from perfect competition.
