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प्रश्न
What is the effect on price when a monopoly firm tries to sell more?
उत्तर
If a monopolist tries to sell more, it must lower the price of its product.
संबंधित प्रश्न
How is Perfect competitive market is different from a monopoly 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
'Homogeneous products' is a characteristic of ______.
Marginal revenue of a firm is constant throughout under:
There is no difference between perfect competition and pure competition.
Which of the following market types has the fewest number of firms?
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
Mention two features of monopoly.
Define monopolistic competition.
Give an example of oligopoly.
Give two characteristics of perfect competition.
Name the market in which there is a single buyer and many sellers.
Give an example of monopoly.
Why can a monopolist charge different prices in different markets?
What is the difference between collusive and non-collusive oligopoly?
Why an individual firm under perfect competition cannot influence the market price?
