Advertisements
Advertisements
प्रश्न
Define monopoly.
उत्तर
Monopoly is that market form which consists of only a single seller producing goods that have no close substitutes. This single firm caters to the needs of a large number of buyers.
APPEARS IN
संबंधित प्रश्न
Explain the features of monopoly.
Homogenous product’ is a characteristic of : (choose the correct alternative)
(a) Perfect competition only
(b) Perfect oligopoly only
(c) Both (a) and (b)
(d) None of the above
There is inverse relation between price and demand for the product of a firm under:
(choose the correct alternative)
(a) Monopoly only
(b) Monopolistic competition only
(c) Both under monopoly and monopolistic competition
(d) Perfect competition only
Giving reason, state whether the following statement is true or false.
A Monopolist can sell any quantity he likes at a price.
Explain the implications of the following in a perfectly competitive market :
Homogeneous products.
Explain the implications of the following : Product differentiation in monopolistic competition.
Explain the implications of the following in an oligopoly market:
Non-price competition
What is meant by collusive oligopoly?
In monopolistic completion, goods have no close substitutes.
Explain the significance of the feature 'product differentiation' in monopolistic competition.
What can you say about the number of buyers and sellers under monopolistic competition?
Define or Explain :
Average revenue.
Answer in detail
What is monopoly? Explain in detail the features of monopoly?
Distinguish between the following:
Perfect competition and Monopoly
Fill in the blank with appropriate alternative given below
_____________ appears in a monopoly market.
Fill in the blank with appropriate alternative given below
In ________ market, seller creates products differentiation.
In an economic sense, the market includes the following activities
- The place where goods are sold and purchased.
- An arrangement through which buyers and sellers come in close contact with each other directly or indirectly.
- A shop where goods are sold.
- All of the above.
