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प्रश्न
Differentiated products is a characteristic of ______.
पर्याय
Monopolistic competition only
Imperfect oligopoly only
Both monopolistic competition and imperfect oligopoly only
Monopoly
उत्तर
Differentiated products is a characteristic of monopolistic competition and imperfect oligopoly only.
Explanation:
Differentiated products are seen in both monopolistic competition and imperfect oligopoly. Monopolistic competition occurs when firms sell similar but not identical items, allowing for product differentiation. In an imperfect oligopoly, firms distinguish their products in order to compete with one another, whereas, in a pure oligopoly, products are uniform.
संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Non-price competition is ______.
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- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
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- Market price
- Entry and exit of firms in the market
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| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
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Railways in India.
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Product differentiation
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