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प्रश्न
Maruti, Tata and Hyundai are examples of which form of market?
विकल्प
Perfect competition
Oligopoly
Monopoly
Duopoly
उत्तर
Oligopoly
Explanation: An oligopoly is a market arrangement where a few companies compete aggressively with one another to sell the same product. In markets such as India, where they hold a major share of the market, Maruti, Tata, and Hyundai are the leading participants in the automative business. The car business is an example of an oligopoly market due to its large market dominance and high entry barriers.
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संबंधित प्रश्न
Identify the type of market structure represented by the visuals.
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.
