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प्रश्न
Define monopolistic competition.
Give the meaning of monopolistic competition.
What is monopolistic competition?
Define a monopolistically competitive market.
उत्तर
Monopolistic competition is a market structure in which the number of firms is large, there is free entry and exit of firms, and the firms produce differentiated products.
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संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
'A few big sellers' is a characteristic of ______.
Indian Railways is an example of ______.
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 |
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Which among the following is a feature of monopsony market?
Pick the option which does not belong to the group.
Which one of the following is NOT found in a perfectly competition market?
Which of the following is the least competitive market?
What is meant by pure competition?
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Identify the market form of the following:
Motor car market in India.
Identify the market form of the following:
Market for toilet soaps in India.
Define monopoly.
Which type of market structure is the following? Give reason.
Scooters
What do you mean by homogeneous products?
What is the difference between perfect and imperfect oligopoly?
Why are selling costs incurred?
