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प्रश्न
‘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
उत्तर
The correct option is (c). Under oligopoly, only few firms but they are big firms with a large number of buyers dominate the market for product.
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संबंधित प्रश्न
Demand curve of a firm is perfectly elastic under: (Choose the correct alternative)
(a) Perfect competition
(b) Monopoly
(c) Monopolistic competition
(d) Oligopoly
Explain the implications of the following in an oligopoly market: A few or a few big sellers
Explain the implications of the following : Product differentiation in monopolistic competition.
Explain the implications of the following in an oligopoly market:
Non-price competition
What is meant by collusive oligopoly?
Price discrimination is possible under monopoly.
Explain the significance of the feature 'product differentiation' in monopolistic competition.
Define monopoly.
Answer the following question :
What are the features of monopolistic competition ?
Fill in the blank with proper alternatives given in the bracket:
Under monopoly there is existence of ______________ .
State whether the following statement is true or false.
There is no product differentiation under monopolistic competition.
Distinguish between :
Output method and Expenditure method.
Answer in detail
What is Perfect Competition? Explain price determination under Perfect Competition.
Distinguish between the following:
Perfect competition and Monopolistic competition
Give reason or explain:
Price discrimination is possible under monopoly.
Give reason or explain:
Selling cost is incurred by a firm in Monopolistic competition.
Give reason or explain:
A monopolist can control the supply of goods.
State whether the following statement is TRUE and FALSE.
In a monopoly market, firm and industry are the same.
Find the odd word
Selling cost -
