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प्रश्न
Identify the market form for the following:
Railways in India.
Which type of market structure is the following? Give reason.
Indian railways
उत्तर
The market form for Railways in India is a monopoly.
Reason:
In India, the government operates and controls railway services through Indian Railways, which is the sole provider of rail transit for passengers and freight. Because no rival enterprises are providing identical railway services, Indian Railways has a monopoly in this industry. The government controls the railway industry's pricing, service provision, and infrastructure.
Notes
Students should refer to the answer according to their questions.
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संबंधित प्रश्न
Following is the feature of perfect competition:
Following is not the feature of perfect competition:
In monopolistic competition, there are ______.
"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 ______.
Products sold by each firm in a perfectly competitive market are perfect substitutes of each other.
Give three points of difference between perfect competition and monopoly.
State two important characteristics of monopoly.
What is meant by product differentiation?
Identify the market form of the following:
Motor car market in India.
Identify the market form for the following:
Textile industry in India.
State the market form of the following commodity.
Automobiles
Identify the market form for the item given below:
Homogeneous goods
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Name the market in which there is a single buyer and many sellers.
Which type of market structure is the following? Give reason.
Jeans
With the help of an example explain the meaning of price discrimination.
What do you mean by homogeneous products?
