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प्रश्न
Which type of market structure is the following? Give reason.
Trucks
उत्तर
The market structure for trucks is oligopoly.
Reason:
Ford, Volvo, Tata, and Daimler lead the truck market. These companies create diverse goods with distinguishing characteristics such as different engine types, sizes, and technology. Thus, the truck market is an oligopoly, with a few large producers dominating.
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संबंधित प्रश्न
A seller cannot influence the market price under:
A monopolist is price maker:
Which one of the following is NOT found in a perfectly competition market?
Which of the following is the least competitive market?
Highlight the importance of selling costs in a monopolistically compatible market.
State the market form of the following commodity.
Railways
Define monopoly.
What do you mean by homogeneous products?
What is the effect on price when a monopoly firm tries to sell more?
Mention one feature of a monopoly market.
