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प्रश्न
Which type of market structure is the following? Give reason.
Scooters
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उत्तर
The market structure for scooters is oligopoly.
Reason:
- The scooter market is dominated by a few major players, including Honda, Yamaha, TVS, and Vespa, which control an important part of the market.
- These companies provide differentiated products with distinguishing characteristics such as fuel efficiency, engine power, and design.
- While they have some price power, they must also consider their competitors' pricing and strategies, as usual in an oligopoly market.
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संबंधित प्रश्न
The seller in a monopoly market is a price maker.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
Producers in a monopoly are price makers. Briefly explain.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
In what respects does oligopoly differ from monopoly?
Why do producers incur high selling costs in an imperfect market?
