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प्रश्न
The seller in a monopoly market is a price maker.
पर्याय
True
False
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उत्तर
This statement is True.
Explanation:
In a monopoly market, the seller sets the price since they are the lone provider of a product or service with no close substitutes. Because there are no competitors to affect market prices, the monopolist has considerable pricing power.
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संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Which of the following market types has the fewest number of firms?
State two important characteristics of monopoly.
Identify the market form for the following:
Perfectly elastic demand.
Identify the market form for the item given below:
A single seller
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Jeans
What is the effect on price when a perfectly competitive firm tries to sell more?
Which of the following is an example of a perfectly competitive market?
