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प्रश्न
Name the market which has characteristics both of monopoly and perfect competition.
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उत्तर
Monopolistic competition has the characteristics both of monopoly and perfect competition. It has features of both monopoly and competition.
संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Explain three features of Perfect competitive market.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
'Homogeneous products' is a characteristic of ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Producers in a monopoly are price makers. Briefly explain.
Define monopolistic competition.
State two important characteristics of monopoly.
Identify the market form of the following:
Motor car market in India.
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Name the market in which there is a single buyer and many sellers. Give an example.
Which type of market structure is the following? Give reason.
Soft drinks
What is the effect on price when a monopoly firm tries to sell more?
What does perfectly elastic demand curve faced by a competitive firm indicate?
Elaborate the price discrimination feature of monopoly.
Which statement correctly describes monopsony?
