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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
Non-price competition is ______.
Explain three features of Perfect competitive market.
Selling costs are absent in perfect competition market.
A seller cannot influence the market price under:
There is no difference between perfect competition and pure competition.
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 : ______
Pick the option which does not belong to the group.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
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 |
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 |
Highlight the importance of selling costs in a monopolistically compatible market.
State the market form of the following commodity.
Railways
State the market form of the following commodity.
Fighter Aircrafts
Give an example of monopoly.
Explain any four features of perfect competition.
Product differentiation is practised in monopolistic competition? Give reasons.
What is the effect on price when a perfectly competitive firm tries to sell more?
Why an individual firm under perfect competition cannot influence the market price?
In which market form is there a single seller and no close substitutes for the product?
