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प्रश्न
What is the difference between perfect and imperfect oligopoly?
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उत्तर
| S. No. | Feature | Perfect Oligopoly | Imperfect Oligopoly |
| 1. | Product Differentiation | Products are homogeneous (identical). | Products are differentiated (varied in some way). |
| 2. | Competition | Firms compete primarily on price. | Firms compete on both price and non-price factors (e.g., branding, features). |
| 3. | Examples | Markets for basic commodities like steel, cement. | Markets for cars, electronics, and branded goods. |
संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
In which type of market price discrimination is practiced? Explain with an example.
How is Perfect competitive market is different from a monopoly market?
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
Marginal revenue of a firm is constant throughout under:
Which among the following is a feature of monopsony market?
Imperfect knowledge is a characteristic feature of:
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
Producers in a monopoly are price makers. Briefly explain.
Define product differentiation.
Identify the market form of the following:
Motor car market in India.
Identify the market form for the following:
Textile industry in India.
State the market form of the following commodity.
Shampoos
Identify the market form for the item given below:
Homogeneous goods
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Trucks
Product differentiation is practised in monopolistic competition? Give reasons.
What induces new firms to enter an industry?
Identify the market form from the following.
Price discrimination
Name the characteristic which makes monopolistic competition different from perfect competition.
