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प्रश्न
Which type of market structure is the following? Give reason.
Soft drinks
उत्तर
The market structure for soft drinks is an oligopoly.
Reason:
- A few large corporations, such as Coca-Cola and PepsiCo, dominate the soft drink sector, accounting for a sizable portion of the market.
- These companies create unique products with varied flavours, packaging styles, and branding.
- They have some control on pricing, but they must also consider their competitors' actions and strategy.
- This market structure is an oligopoly due to its great concentration and interdependence among the few leading enterprises.
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संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
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’.
Indian Oil Corporation Limited is an example of a/an ______.
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Give three points of difference between perfect competition and monopoly.
Give an example of price discrimination.
Explain any four features of perfect competition.
Which type of market structure is the following? Give reason.
Mobile phone services
Identify the market form from the following:
A few large sellers
Mention one feature of a monopoly market.
