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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
Identify the market having a single buyer and many sellers from the following:
A seller cannot influence the market price under:
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
The seller in a monopoly market is a price maker.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Give three points of difference between perfect competition and monopoly.
Why is there no need for selling cost under perfect competition?
What is meant by the term ‘price taker’?
Name the market which has characteristics both of monopoly and perfect competition.
Identify the market form from the following.
Price discrimination
