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प्रश्न
Which of the following is the least competitive market?
विकल्प
Farming
Indian Railways
Air India
Mcdonald's
उत्तर
Indian Railways
Explanation:
Indian Railways runs as a monopoly, with just one provider of train services in the country, making it the least competitive market. Unlike farming, Air India, and McDonald's, which compete in their own marketplaces, Indian Railways has no direct competitors in the rail transit industry.
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संबंधित प्रश्न
“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
Marginal revenue of a firm is constant throughout under:
Pick the option which does not belong to the group.
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 |
Identify the market form of the following:
Motor car market in India.
State the market form of the following commodity.
Shampoos
Give an example of monopoly.
With the help of an example explain the meaning of price discrimination.
What does perfectly elastic demand curve faced by a competitive firm indicate?
In what respects does oligopoly differ from monopoly?
