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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
Which two forms of market earn normal profit in the long run?
“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 seller in a monopoly market is a price maker.
Producers in a monopoly are price makers. Briefly explain.
Define oligopoly.
What are selling costs?
Identify the market form for the following:
Textile industry in India.
State the market form of the following commodity.
Automobiles
Give an example of price discrimination.
Explain any four features of perfect competition.
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Lipstick
Which type of market structure is the following? Give reason.
Soft drinks
What do you mean by homogeneous products?
Elaborate the price discrimination feature of monopoly.
Mention one feature of a monopoly market.
Which of the following is an example of a perfectly competitive market?
