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प्रश्न
What do you mean by homogeneous products?
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उत्तर
Homogeneous products refer to those products which are identical in all respects like quality, colour, size, design, brand name etc. The buyer does not distinguish the output of one firm from that of the other.
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
'Homogeneous products' is a characteristic of ______.
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
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.
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Producers in a monopoly are price makers. Briefly explain.
Give three points of difference between perfect competition and monopoly.
Give an example of oligopoly.
State two important characteristics of monopoly.
Identify the market form for the following:
Telecom industry in India.
State the market form of the following commodity.
Fighter Aircrafts
Identify the market form for the item given below:
Product differentiation
Which type of market structure is the following? Give reason.
Ball-pen
To which market is price discrimination relevant?
What is meant by the term ‘price taker’?
What is the difference between perfect and imperfect oligopoly?
