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प्रश्न
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
विकल्प
Monopoly market
Perfectly competitive market
Monopolistically competitive market
Monopsony market
उत्तर
Monopoly market
Explanation:
In a monopoly market, there is only one producer of a commodity and no close substitutes. A monopoly occurs when a single corporation controls the market and has vast control over the product's pricing and supply.
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संबंधित प्रश्न
'Homogeneous products' is a characteristic of ______.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
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.
State the advantage of monopolistic competition over monopoly.
Identify the market form for the following:
Textile industry in India.
Product differentiation is practised in monopolistic competition? Give reasons.
Identify the market form from the following.
Firm is a price maker.
Identify the market form from the following.
Price discrimination
