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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
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
Marginal revenue of a firm is constant throughout under:
Indian Railways is an example of ______.
Which among the following is a feature of monopsony 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 |
Give three points of difference between perfect competition and monopoly.
State the advantage of monopolistic competition over monopoly.
Identify the market form for the following:
Telecom industry in India.
Define monopoly.
Why can a monopolist charge different prices in different markets?
