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प्रश्न
Pick the option which does not belong to the group.
पर्याय
Railways
Shampoos
Televisions
Biscuits
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उत्तर
Railways
Explanation:
Railways are typically a monopoly market (particularly in countries like India, where the government owns and operates the railways), whereas shampoos, televisions, and biscuits are products found in competitive markets such as monopolistic competition or oligopoly, in which many producers offer differentiated goods.
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संबंधित प्रश्न
“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
A seller cannot influence the market price under:
A monopolist is price maker:
"The price of a product under perfect competition is determined by an individual seller."
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:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
Give two characteristics of perfect competition.
Identify the market form from the following.
Firm is a price maker.
In which market form is there a single seller and no close substitutes for the product?
