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प्रश्न
State two important characteristics of monopoly.
संक्षेप में उत्तर
उत्तर
Characteristics of monopoly are as follows:
- There is only a single firm in the market.
- No close substitutes of the product are available in the market.
- Firm is a price maker.
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Forms of Market Structure
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
What is perfect competition?
Define monopoly.
Give an example of monopoly.
With the help of an example explain the meaning of price discrimination.
Give two examples of monopolistically competitive market.
What is the effect on price when a monopoly firm tries to sell more?
Identify the market form from the following.
Price discrimination
