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प्रश्न
Explain the implications of the following in an oligopoly market:
Inter- dependence between firms
उत्तर
Interdependence between firms:- In an oligopoly market, the price and level of output of one firm impacts the price and level of output of rival firms. Keeping this impact in mind, a firm decides the price and output in accordance with prevailing market conditions. Hence, a high degree of interdependence exists among competing firms, especially with respect to price and quantity of output.
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संबंधित प्रश्न
Explain the implications of the following in a perfectly competitive market:
Large number of buyers
Explain the implications of the following in a perfectly competitive market :
Homogeneous products.
Explain the implications of the following : Product differentiation in monopolistic competition.
What is price-maker firm?
Which of the characteristics separates it from perfect competition and why?
Explain the implications of the following in a perfectly competitive market:
Freedom of entry and exit to firms
Explain the implications of the following in an oligopoly market:
Non-price competition
Define or Explain the following concepts
Monopoly
Distinguish between :
Output method and Expenditure method.
Answer the following question
What are the features of monopolistic competition?
State with reason whether you agree or disagree with the following statement
Perfect Competition means Monopolistic Competition.
Answer in detail
What is Perfect Competition? Explain price determination under Perfect Competition.
Distinguish between the following:
Natural monopoly and Social monopoly
Give reason or explain:
Selling cost is incurred by a firm in Monopolistic competition.
State whether the following statement is TRUE and FALSE.
There is no price discrimination under Monopolistic competition.
State whether the following statement is TRUE and FALSE.
Product differentiation is not possible under perfect competition.
Match the following:
|
Group A
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Group B
|
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Monopoly
|
Public monopoly
|
|
Product differentiation
|
Abnormal profit
|
|
Railway
|
Monopolistic Competition
|
|
Perfect Competition
|
Prof. Chamberlin
|
|
Pure Competition
|
Homogenous product
|
|
|
Cartel
|
|
|
Selling cost
|
Fill in the blank with appropriate alternative given below
_____________ appears in a monopoly market.
Features of oligopoly market:
- There are few firms or sellers.
- Sellers sell differentiated product.
- There is free entry and exit of firms.
- There is considerable element of uncertainty in this type of market.
