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प्रश्न
What is meant by barriers to entry?
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उत्तर
Barriers to entry means something that prevents the new firms from entering the industry (or market).
संबंधित प्रश्न
Non-price competition is ______.
How is Perfect competitive market is different from a monopoly market?
Following is the feature of perfect competition:
Differentiated products is a characteristic of ______.
A seller cannot influence the market price under:
In monopolistic competition, there are ______.
The seller in a monopoly market is a price maker.
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
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 |
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
State the advantage of monopolistic competition over monopoly.
Identify the market form for the following:
Perfectly elastic demand.
State the market form of the following commodity.
Automobiles
Identify the market form for the item given below:
Product differentiation
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Explain any four features of perfect competition.
Discuss any four differences between monopoly and monopolistic competition.
With the help of an example explain the meaning of price discrimination.
Identify the market form from the following.
Firm is a price maker.
Name the characteristic which makes monopolistic competition different from perfect competition.
