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प्रश्न
Which type of market structure is the following? Give reason.
Mobile phone services
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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
Discuss any two features of a monopolistically competitive market.
In which type of market price discrimination is practiced? Explain with an example.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
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Identify the market form of the following:
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Identify the market form for the item given below:
A single seller
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Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
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