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प्रश्न
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
पर्याय
Monopoly market
Perfectly competitive market
Monopolistically competitive market
Monopsony market
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उत्तर
Monopoly market
Explanation:
In a monopoly market, there is only one producer of a commodity and no close substitutes. A monopoly occurs when a single corporation controls the market and has vast control over the product's pricing and supply.
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संबंधित प्रश्न
Non-price competition is ______.
Which among the following is a feature of monopsony market?
Define perfect competition.
What is meant by pure competition?
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Why is there no need for selling cost under perfect competition?
Give two examples of a monopolistically competitive market.
Name the market which has characteristics both of monopoly and perfect competition.
What does perfectly elastic demand curve faced by a competitive firm indicate?
Identify the market form from the following.
Firm is a price maker.
