Question

Statement (1): Google is an example of monopoly market.

Statement (2): Cell phone is an example of monopoly market.

पर्याय

• Statement 1 is true and Statement 2 is false.

• Statement 2 is true and Statement 1 is false.

• Both the statements are true.

• Both the statements are false.

Answer 1

Statement 1 is true and Statement 2 is false.

Explanation:

• Statement (1): While Google has few competitors, it has a vast, dominant global market share in search engine traffic, granting it an effective real-world monopoly status.
• Statement (2): The cell phone industry is made up of a few major, competitive companies, including handset manufacturers like Apple and Samsung and service networks like Jio and Airtel. This structure is a classic example of an oligopoly rather than a monopoly.