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State the market form of the following commodity. Railways - Economic Applications

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Question

State the market form of the following commodity.

Railways 

One Line Answer
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Solution

The market form of railways is a monopoly.

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Chapter 5: Nature and Structure of Markets - QUESTIONS [Page 138]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 5 Nature and Structure of Markets
QUESTIONS | Q 22. (i) | Page 138
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 5 Meaning and Types of Markets
Exercise | Q 21. (i) | Page 116
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