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Identify the market form for the item given below: A single seller - Economic Applications

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प्रश्न

Identify the market form for the item given below:

A single seller

एक पंक्ति में उत्तर

उत्तर

The market form where there is a single seller is called a monopoly.

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Forms of Market Structure
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३८]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 23. (i) | पृष्ठ १३८
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
Exercise | Q 22. (i) | पृष्ठ ११६

संबंधित प्रश्न

Identify the market having a single buyer and many sellers from the following:


How is Perfect competitive market is different from a monopoly market?


What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.


The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.


Products sold by each firm in a perfectly competitive market are perfect substitutes of each other. 


Match the following:

Column I Column II
A. Monopoly (i) Availability of close substitutes
B. Oligopoly (ii) Absence of close substitutes
C. Perfect competition (iii) Few large sellers
D. Monopolistic competition (iv) Homogeneous products

What is perfect competition?


Define monopolistic competition.


State the advantage of monopolistic competition over monopoly. 


Why is there no need for selling cost under perfect competition?


Identify the market form of the following:

Motor car market in India.


Identify the market form for the following:

Railways in India.


Identify the market form for the following:

Perfectly elastic demand.


Explain the main characteristics of a monopoly.


Discuss any four differences between monopoly and monopolistic competition.


Which type of market structure is the following? Give reason.

Lipstick


What is the effect on price when a perfectly competitive firm tries to sell more?


In what respects does oligopoly differ from monopoly? 


Identify the market form from the following.

Firm is a price maker. 


There are a large number of buyers and sellers under a ______ market.


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