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प्रश्न
What is the difference between collusive and non-collusive oligopoly?
उत्तर
| S. No. | Feature | Collusive Oligopoly | Non-Collusive Oligopoly |
| 1. | Cooperation Among Firms | Firms collaborate and reach agreements on prices or output levels to maximise used revenue. | Businesses don't work together; they choose their prices and output. |
| 2. | Market Control | Increases market control and price stability as a result of coordinated activities. | Increasing competition among enterprises may lead to price wars and more price fluctuation. |
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संबंधित प्रश्न
Justify the following statement with any two valid arguments. 'In a perfect competition market structure, an individual firm does not have any role in determining price’.
Selling costs are absent in perfect competition market.
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
The seller in a monopoly market is a price maker.
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.
Highlight the importance of selling costs in a monopolistically compatible market.
Explain the main characteristics of a monopoly.
What is meant by barriers to entry?
What is the difference between perfect and imperfect oligopoly?
Identify the market form from the following.
Firm is a price maker.
