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प्रश्न
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
उत्तर
The market form in which the Government of India is the sole buyer of fighter aircraft is known as a monopsony.
संबंधित प्रश्न
Indian Railways is an example of ______.
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
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 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Define monopolistic competition.
Give an example of oligopoly.
Why is there no need for selling cost under perfect competition?
Identify the market form for the item given below:
A single seller
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Trucks
Which type of market structure is the following? Give reason.
Jeans
To which market is price discrimination relevant?
Why can a monopolist charge different prices in different markets?
Which market form has the least number of producers?
What induces new firms to enter an industry?
What does perfectly elastic demand curve faced by a competitive firm indicate?
Identify the market form from the following:
A few large sellers
Why do producers incur high selling costs in an imperfect market?
What is a price making firm?
