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Question
State the market form of the following commodity.
Fighter Aircrafts
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Solution
The market form for fighter aircrafts is monopsony.
RELATED QUESTIONS
Which two forms of market earn normal profit in the long run?
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.

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
Indian Railways is an example of ______.
Which of the following market types has the fewest number of firms?
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 |
Define oligopoly.
Define product differentiation.
Identify the market form of the following:
Motor car market in India.
Identify the market form for the item given below:
Homogeneous goods
Identify the market form for the item given below:
Product differentiation
Which type of market structure is the following? Give reason.
Soft drinks
Product differentiation is practised in monopolistic competition? Give reasons.
To which market is price discrimination relevant?
Give two examples of a monopolistically competitive market.
What do you mean by homogeneous products?
What is meant by the term ‘price taker’?
Mention one feature of a monopoly market.
Which of the following is an example of a perfectly competitive market?
In which market form is there a single seller and no close substitutes for the product?
