English

Give an example of monopoly. - Economic Applications

Advertisements
Advertisements

Questions

Give an example of monopoly.

Give an example of monopoly in India.

One Line Answer
Advertisements

Solution

An example of a monopoly is Indian railways.

shaalaa.com
  Is there an error in this question or solution?
Chapter 5: Nature and Structure of Markets - QUESTION BANK [Page 140]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 5 Nature and Structure of Markets
QUESTION BANK | Q 4. ii | Page 140
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 5 Nature and Structure of Markets
QUESTIONS | Q 28. ii | Page 138
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 5 Meaning and Types of Markets
QUESTION BANK | Q 4. (ii) | Page 117

RELATED QUESTIONS

Which two forms of market earn normal profit in the long run?


The image above shows a departmental store of a market structure.

  1. Identify the form of market as observed from the above image.
  2. Discuss the features of this market form with respect to:
    1. Type of product
    2. Entry and exit of firms
    3. Selling cost

'Homogeneous products' is a characteristic of ______.


'A few big sellers' is a characteristic of ______.


Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?


Which among the following is a feature of monopsony market?


Read the given statements carefully and select the correct option.

  1. The number of sellers under oligopoly are small.
  2. In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.

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.


Define monopoly.


With the help of an example explain the meaning of price discrimination. 


To which market is price discrimination relevant?


What induces new firms to enter an industry?


In what respects does oligopoly differ from monopoly? 


Elaborate the price discrimination feature of monopoly.


Identify the market form from the following.

Firm is a price maker. 


What is a price making firm?


Which feature best distinguishes monopolistic competition from perfect competition?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×