Advertisements
Advertisements
Question
Pick the option which does not belong to the group.
Options
Railways
Shampoos
Televisions
Biscuits
Advertisements
Solution
Railways
Explanation:
Railways are typically a monopoly market (particularly in countries like India, where the government owns and operates the railways), whereas shampoos, televisions, and biscuits are products found in competitive markets such as monopolistic competition or oligopoly, in which many producers offer differentiated goods.
APPEARS IN
RELATED QUESTIONS

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
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
Mention two features of monopoly.
Give three points of difference between perfect competition and monopoly.
State the advantage of monopolistic competition over monopoly.
Identify the market form of the following:
Goods sold are homogeneous.
State the market form of the following commodity.
Automobiles
Identify the market form for the item given below:
Homogeneous goods
Mention one feature of a monopoly market.
Which of the following is an example of a perfectly competitive market?
