Advertisements
Advertisements
प्रश्न
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
विकल्प
True
False
उत्तर
This statement is True.
Explanation:
A monopolist faces a downward-sloping demand curve, which means in order to boost sales, the monopolist must lower the price. This is because, in a monopoly, the firm is the only source of the goods, and if it wants to sell more, it must lower the price to attract more buyers, as it cannot sell an unlimited number at a high price.
APPEARS IN
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
Identify the market having a single buyer and many sellers from the following:
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
What is perfect competition?
State the market form of the following commodity.
Fighter Aircrafts
Which type of market structure is the following? Give reason.
Jeans
Which type of market structure is the following? Give reason.
Soft drinks
Elaborate the price discrimination feature of monopoly.
