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प्रश्न
Which type of market structure is the following? Give reason.
Mobile phone services
थोडक्यात उत्तर
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उत्तर
The market structure for mobile phone services is oligopoly.
Reason:
- In most countries, a few large corporations dominate the mobile phone service sector, including Verizon, AT&T, Vodafone, and Reliance Jio.
- However, they are also competing with each other, and their pricing and service decisions are interconnected, which is a major feature of an oligopolistic market.
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संबंधित प्रश्न
Define Discriminating Monopoly.
Identify the market having a single buyer and many sellers from the following:
Following is the feature of perfect competition:
Indian Railways is an example of ______.
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.
Give an example of oligopoly.
State the market form of the following commodity.
Shampoos
Explain any four features of perfect competition.
What do you mean by homogeneous products?
What is meant by barriers to entry?
