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Question
Identify the market form of the following:
Motor car market in India.
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Solution
The motor car market in India represents an oligopoly.
RELATED QUESTIONS
Discuss any two features of a monopolistically competitive market.
Define Discriminating Monopoly.

The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost

“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
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 |
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Imperfect knowledge is a characteristic feature of:
Which of the following is the least competitive market?
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Producers in a monopoly are price makers. Briefly explain.
Give an example of monopsony.
State the market form of the following commodity.
Shampoos
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Scooters
What induces new firms to enter an industry?
What is the difference between collusive and non-collusive oligopoly?
Name the market which has characteristics both of monopoly and perfect competition.
What does perfectly elastic demand curve faced by a competitive firm indicate?
Mention one feature of a monopoly market.
In which type of market are firms interdependent and a few large firms dominate?
