मराठी

State the market form of the following commodity. Fighter Aircrafts

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प्रश्न

State the market form of the following commodity.

Fighter Aircrafts

एका वाक्यात उत्तर
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उत्तर

The market form for fighter aircrafts is monopsony.

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पाठ 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३८]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
पाठ 5 Nature and Structure of Markets
QUESTIONS | Q 22. (iv) | पृष्ठ १३८
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 5 Meaning and Types of Markets
Exercise | Q 21. (iv) | पृष्ठ ११६

संबंधित प्रश्‍न

Identify the market having a single buyer and many sellers from the following:


The image above shows a departmental store of a market structure.

  1. Identify the form of market as observed from the above image.
  2. Discuss the features of this market form with respect to:
    1. Type of product
    2. Entry and exit of firms
    3. Selling cost

'Homogeneous products' is a characteristic of ______.


Match the following and select the correct option: 

  Column I   Column II
(i) Perfect competition (A) Differentiated Products
(ii) Monopoly (B) Few large firms
(iii) Monopolistic Competition (C) Single seller
(iv) Oligopoly (D) Homogeneous products

The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.


Products sold by each firm in a perfectly competitive market are perfect substitutes of each other. 


The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:


A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.

This is a case of:


Read the following statements carefully and choose the correct alternative:

Assertion (A): Price discrimination is possible under monopoly.

Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.


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.


In which form of market is the seller a price taker? Justify your answer. 


Identify the market form of the following:

Market for toilet soaps in India.


State the market form of the following commodity.

Shampoos


Name the market in which there is a single buyer and many sellers.


Give an example of price discrimination.


Which type of market structure is the following? Give reason.

Trucks


What is the difference between perfect and imperfect oligopoly?


Mention one feature of a monopoly market.


In which type of market are firms interdependent and a few large firms dominate?


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