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प्रश्न
What is meant by collusive oligopoly?
उत्तर
A collusive oligopoly is a form of market in which few firms mutually agree to avoid competition. They form a cartel and fix the output quotas and the market price. The leading firm in the market is accepted by the cartel as a price leader. All the firms in the cartel accept the price as fixed by the price leader.
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संबंधित प्रश्न
The seller is a price maker in the perfect competition.
Explain the implications of the following in a perfectly competitive market:
Large number of buyers
Giving reason, state whether the following statement is true or false.
A Monopolist can sell any quantity he likes at a price.
Demand curve of a firm is perfectly elastic under: (Choose the correct alternative)
(a) Perfect competition
(b) Monopoly
(c) Monopolistic competition
(d) Oligopoly
‘A few big sellers’ is a characteristics of : (choose the correct alternative)
a. Perfect competition
b. Monopolistic competition
c. Oligopoly
d. None of the above
Explain the implications of the following : Product differentiation in monopolistic competition.
Explain the implications of the following in an oligopoly market:
Non-price competition
A seller cannot influence the market price under (choose the correct alternative)
a) Perfect competition
b) Monopoly
c) Monopolistic competition
d) All of the above
Define or Explain the following concepts
Monopoly
What can you say about the number of buyers and sellers under monopolistic competition?
Define or Explain :
Average revenue.
State with reason whether you agree or disagree with the following statement
Perfect Competition means Monopolistic Competition.
Answer in detail
What is monopoly? Explain in detail the features of monopoly?
Give reason or explain:
Selling cost is incurred by a firm in Monopolistic competition.
Fill in the blank with appropriate alternative given below
In ________ market, seller creates products differentiation.
Answer the following question.
What is the reason for an indeterminate demand curve under Oligopoly?
Answer the following question.
Elaborate three main features of a monopoly form of market.
Observe the table and answer the question:
| Price of banana (per dozen) in ₹ | Demand (in dozen) | Supply (in dozen) | Relation between DD and SS |
| 10 | 500 | 100 | DD > SS |
| 20 | 400 | _____ | DD > SS |
| 30 | _____ | 300 | DD = SS |
| 40 | 200 | _____ | DD < SS |
| 50 | ______ | 500 | DD < SS |
Fill in the blanks in the above schedule.
