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प्रश्न
State two important characteristics of monopoly.
थोडक्यात उत्तर
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उत्तर
Characteristics of monopoly are as follows:
- There is only a single firm in the market.
- No close substitutes of the product are available in the market.
- Firm is a price maker.
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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’.
Indian Railways is an example of ______.
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.
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Give two characteristics of perfect competition.
What are selling costs?
State the advantage of monopolistic competition over monopoly.
Identify the market form of the following:
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Identify the market form for the following:
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Which type of market structure is the following? Give reason.
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