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प्रश्न
Define monopoly.
What is meant by a monopoly market?
उत्तर
A monopoly is a market situation in which a single firm sells a commodity, and there is no close substitute for the commodity the monopolist sells.
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संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Non-price competition is ______.
Selling costs are absent in perfect competition market.
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 of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Give an example of monopsony.
To which market is product differentiation relevant?
Highlight the importance of selling costs in a monopolistically compatible market.
In which form of market is the seller a price taker? Justify your answer.
Identify the market form for the following:
Railways in India.
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Soft drinks
With the help of an example explain the meaning of price discrimination.
To which market form are homogeneous products relevant?
