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प्रश्न
Give two examples of monopolistically competitive market.
Give an example of monopolistic competition.
Give two examples of monopolistically competitive market structure.
Give two examples of monopolistic markets in India.
उत्तर
Two examples of monopolistically competitive market are as follows:
- One well-known example of monopolistic competition is the restaurant business. To set themselves apart from other restaurants, each restaurant provides a unique eating experience, food, atmosphere, and level of service.
- Another example is the clothing sector. Clothes from different brands fulfill the same fundamental purpose but differentiate by price, design, brand reputation, and quality. Because of the uniqueness of its products, every brand has some degree of control over its price.
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संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
A seller cannot influence the market price under:
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 the following market types has the fewest number of firms?
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
In which form of market is the seller a price taker? Justify your answer.
Identify the market form for the following:
Textile industry in India.
State the market form of the following commodity.
Railways
State the market form of the following commodity.
Automobiles
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Trucks
Which type of market structure is the following? Give reason.
Lipstick
Product differentiation is practised in monopolistic competition? Give reasons.
To which market form are homogeneous products relevant?
Identify the market form from the following.
Firm is a price maker.
