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प्रश्न
Pick the option which does not belong to the group.
विकल्प
Railways
Shampoos
Televisions
Biscuits
उत्तर
Railways
Explanation:
Railways are typically a monopoly market (particularly in countries like India, where the government owns and operates the railways), whereas shampoos, televisions, and biscuits are products found in competitive markets such as monopolistic competition or oligopoly, in which many producers offer differentiated goods.
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संबंधित प्रश्न
Non-price competition is ______.
Selling costs are absent in perfect competition market.
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.
Why is there no need for selling cost under perfect competition?
Identify the market form of the following:
Market for toilet soaps in India.
Identify the market form for the item given below:
A single seller
Identify the market form for the item given below:
Product differentiation
Give an example of price discrimination.
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
Name the characteristic which makes monopolistic competition different from perfect competition.
