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प्रश्न
'A few big sellers' is a characteristic of ______.
विकल्प
Perfect competition
Monopolistic Competition
Oligopoly
All the above
उत्तर
'A few big sellers' is a characteristic of oligopoly.
Explanation:
An oligopoly is defined as a market structure in which only a few large sellers or enterprises dominate the market. These corporations have considerable market power and may affect prices and output. This differs with perfect and monopolistic competition, which have a large number of sellers.
संबंधित प्रश्न
Following is not the feature of perfect competition:
In monopolistic competition, there are ______.
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 |
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
What is meant by pure competition?
Define monopolistic competition.
State the advantage of monopolistic competition over monopoly.
In which form of market is the seller a price taker? Justify your answer.
Identify the market form for the following:
Perfectly elastic demand.
Identify the market form for the item given below:
A single buyer
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Scooters
Which type of market structure is the following? Give reason.
Lipstick
With the help of an example explain the meaning of price discrimination.
Give two examples of monopolistically competitive market.
Name the market which has characteristics both of monopoly and perfect competition.
Identify the market form from the following.
Firm is a price maker.
Mention one feature of a monopoly market.
Name the characteristic which makes monopolistic competition different from perfect competition.
