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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 the number of sellers under oligopoly are small and in monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions are true.
Both the number of sellers under oligopoly are small and in monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions are false.
The number of sellers under oligopoly are small is true, in monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions is false.
The number of sellers under oligopoly are small is false, in monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions is true.
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उत्तर
The number of sellers under oligopoly are small is true, in monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions is false.
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संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
There is no difference between perfect competition and pure competition.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Which of the following market types has the fewest number of firms?
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 |
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Which type of market structure is the following? Give reason.
Soft drinks
Product differentiation is practised in monopolistic competition? Give reasons.
What is the effect on price when a monopoly firm tries to sell more?
What is the difference between collusive and non-collusive oligopoly?
