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प्रश्न
Identify the type of market structure represented by the visuals.
विकल्प
Monopoly
Perfect market
Government market
Oligopoly market
उत्तर
Oligopoly market
Explanation:
Oligopoly is characterized by a market where a few large firms dominate the industry. These firms have significant market power but are interdependent due to their relatively small number and significant market share. They typically compete with each other on price, innovation, and marketing, but can also show tendencies towards cooperation.
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संबंधित प्रश्न
Maruti, Tata and Hyundai are examples of which form of market?
Identify the market form for telecom industry in India.
Which of the following is an example of oligopoly in India?
There are a few large firms under ______.
Oligopoly is a market situation in which there are only a ______ sellers in the industry.
