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प्रश्न
Which of the following is the least competitive market?
पर्याय
Farming
Indian Railways
Air India
Mcdonald's
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उत्तर
Indian Railways
Explanation:
Indian Railways runs as a monopoly, with just one provider of train services in the country, making it the least competitive market. Unlike farming, Air India, and McDonald's, which compete in their own marketplaces, Indian Railways has no direct competitors in the rail transit industry.
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संबंधित प्रश्न
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
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The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
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:
Textile industry in India.
Identify the market form for the item given below:
Homogeneous goods
Define monopoly.
Explain the main characteristics of a monopoly.
What is meant by the term ‘price taker’?
