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प्रश्न
State two important characteristics of monopoly.
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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.
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Selling costs are absent in perfect competition market.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Which of the following is the least competitive market?
Give an example of oligopoly.
Identify the market form for the item given below:
A single buyer
Name the market in which there is a single buyer and many sellers.
What do you mean by homogeneous products?
Identify the market form from the following.
Perfect knowledge
