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प्रश्न
In what respects does oligopoly differ from monopoly?
उत्तर
| S. No. | Basis | Oligopoly | Monopoly |
| 1. | No. of sellers | There are few large sellers producing a commodity. | There is only a single seller in the market. |
| 2. | Entry of new firms | Entry of new firms is difficult. | Entry of new firms is restricted. |
| 3. | Demand curve | Demand curve is indeterminate. | Demand curve faced by a monopoly firm is less elastic. |
संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
Selling costs are absent in perfect competition market.
Following is the feature of perfect competition:
Following is not the feature of perfect competition:
Marginal revenue of a firm is constant throughout under:
Indian Railways is an example of ______.
Indian Oil Corporation Limited is an example of a/an ______.
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case 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 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
What is meant by pure competition?
To which market is product differentiation relevant?
Identify the market form for the item given below:
A single buyer
Give an example of monopoly.
Discuss any four differences between monopoly and monopolistic competition.
Product differentiation is practised in monopolistic competition? Give reasons.
What is meant by the term 'price taker'?
Why an individual firm under perfect competition cannot influence the market price?
