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प्रश्न
Give two examples of monopolistically competitive market.
Give an example of monopolistic competition.
Give two examples of monopolistically competitive market structure.
Give two examples of monopolistic markets in India.
उत्तर
Two examples of monopolistically competitive market are as follows:
- One well-known example of monopolistic competition is the restaurant business. To set themselves apart from other restaurants, each restaurant provides a unique eating experience, food, atmosphere, and level of service.
- Another example is the clothing sector. Clothes from different brands fulfill the same fundamental purpose but differentiate by price, design, brand reputation, and quality. Because of the uniqueness of its products, every brand has some degree of control over its price.
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संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Non-price competition is ______.
Selling costs are absent in perfect competition market.
Indian Railways is an example of ______.
Imperfect knowledge is a characteristic feature of:
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
To which market is product differentiation relevant?
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form of the following:
Motor car market in India.
Give an example of monopoly.
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Scooters
Which type of market structure is the following? Give reason.
Lipstick
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
What induces new firms to enter an industry?
In what respects does oligopoly differ from monopoly?
Identify the market form from the following.
Firm is a price maker.
Identify the market form from the following.
Price discrimination
