Advertisements
Advertisements
Question
State the market form of the following commodity.
Automobiles
Advertisements
Solution
The market form of automobiles is an oligopoly.
RELATED QUESTIONS
In which type of market price discrimination is practiced? Explain with an example.
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
Explain three features of Perfect competitive market.
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
There is no difference between perfect competition and pure competition.
Imperfect knowledge is a characteristic feature of:
Give an example of monopsony.
Identify the market form for the following:
Railways in India.
Identify the market form for the item given below:
A single seller
Identify the market form for the item given below:
Product differentiation
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Mobile phone services
Which type of market structure is the following? Give reason.
Lipstick
To which market is price discrimination relevant?
Why can a monopolist charge different prices in different markets?
What induces new firms to enter an industry?
What is the difference between perfect and imperfect oligopoly?
Identify the market form from the following.
Firm is a price maker.
Mention one feature of a monopoly market.
