Advertisements
Advertisements
प्रश्न
Identify the market form for the item given below:
Product differentiation
Identify the market form from the following.
Differentiated products
उत्तर
The market form associated with product differentiation is monopolistic competition.
APPEARS IN
संबंधित प्रश्न
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
'A few big sellers' is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
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 : ______
The seller in a monopoly market is a price maker.
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.
Mention two features of monopoly.
Producers in a monopoly are price makers. Briefly explain.
Define monopolistic competition.
What is meant by oligopoly?
Give two characteristics of perfect competition.
To which market is product differentiation relevant?
In which form of market is the seller a price taker? Justify your answer.
Identify the market form of the following:
Motor car market in India.
State the market form of the following commodity.
Fighter Aircrafts
Name the market which has characteristics both of monopoly and perfect competition.
There is inverse relation between price and demand for the product of a firm under ______.
