Advertisements
Advertisements
प्रश्न
What is the difference between perfect and imperfect oligopoly?
Advertisements
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
Following is the feature of perfect competition:
A monopolist is price maker:
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
What is meant by pure competition?
There are no substitute goods in a monopoly market. Give a reason to support your answer.
State the advantage of monopolistic competition over monopoly.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Identify the market form for the following:
Perfectly elastic demand.
Identify the market form for the item given below:
Product differentiation
Define monopoly.
What do you mean by homogeneous products?
What is the effect on price when a perfectly competitive firm tries to sell more?
Name the market which has characteristics both of monopoly and perfect competition.
Mention one feature of a monopoly market.
Name the characteristic which makes monopolistic competition different from perfect competition.
What is a price making firm?
