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प्रश्न
'A few big sellers' is a characteristic of ______.
पर्याय
Perfect competition
Monopolistic Competition
Oligopoly
All the above
उत्तर
'A few big sellers' is a characteristic of oligopoly.
Explanation:
An oligopoly is defined as a market structure in which only a few large sellers or enterprises dominate the market. These corporations have considerable market power and may affect prices and output. This differs with perfect and monopolistic competition, which have a large number of sellers.
संबंधित प्रश्न
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
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’.
In monopolistic competition, there are ______.
Indian Oil Corporation Limited is an example of a/an ______.
"The price of a product under perfect competition is determined by an individual seller."
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
What is perfect competition?
What is meant by oligopoly?
Give two characteristics of perfect competition.
State two important characteristics of monopoly.
Identify the market form of the following:
Motor car market in India.
Identify the market form for the following:
Perfectly elastic demand.
Define monopoly.
Which type of market structure is the following? Give reason.
Scooters
Why can a monopolist charge different prices in different markets?
What is meant by the term 'price taker'?
What is the difference between collusive and non-collusive oligopoly?
Identify the market form from the following.
Perfect knowledge
What is a price making firm?
