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प्रश्न
Which type of market structure is the following? Give reason.
Scooters
संक्षेप में उत्तर
उत्तर
The market structure for scooters is oligopoly.
Reason:
- The scooter market is dominated by a few major players, including Honda, Yamaha, TVS, and Vespa, which control an important part of the market.
- These companies provide differentiated products with distinguishing characteristics such as fuel efficiency, engine power, and design.
- While they have some price power, they must also consider their competitors' pricing and strategies, as usual in an oligopoly market.
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Forms of Market Structure
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संबंधित प्रश्न
In monopolistic competition, there are ______.
There is no difference between perfect competition and pure competition.
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Define monopolistic competition.
Give two characteristics of perfect competition.
What induces new firms to enter an industry?
What is the difference between perfect and imperfect oligopoly?
In what respects does oligopoly differ from monopoly?
Elaborate the price discrimination feature of monopoly.
Mention one feature of a monopoly market.
