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प्रश्न
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
पर्याय
Both A and B are true
Both A and B are false
A is true, B is false
A is false, B is true
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उत्तर
A is true, B is false
Explanation:
- Statement A is true: An oligopoly is a market structure dominated by a small number of large sellers who have a sizable market share and are highly interdependent.
- Statement B is false: In a monopolistically competitive market, buyers and sellers have incomplete knowledge due to considerable product differentiation and heavy branding, making direct comparisons impossible. Perfect market knowledge is exclusively a feature of perfect competition.
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संबंधित प्रश्न
Marginal revenue of a firm is constant throughout under:
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Which of the following is the least competitive market?
To which market is product differentiation relevant?
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the item given below:
A single buyer
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Ball-pen
Identify the market form from the following:
A few large sellers
Why are selling costs incurred?
