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प्रश्न
What is the effect on price when a monopoly firm tries to sell more?
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उत्तर
If a monopolist tries to sell more, it must lower the price of its product.
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Which two forms of market earn normal profit in the long run?
Explain three features of Perfect competitive market.
A seller cannot influence the market price under:
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
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.
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 |
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
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 |
Give an example of monopoly.
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Mobile phone services
Give two examples of a monopolistically competitive market.
What is meant by the term ‘price taker’?
Which market form has the least number of producers?
What is the difference between collusive and non-collusive oligopoly?
Identify the market form from the following.
Firm is a price maker.
Mention one feature of a monopoly market.
Name the characteristic which makes monopolistic competition different from perfect competition.
