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प्रश्न
Indian Railways is an example of ______.
पर्याय
Monopolistic competition
Perfect competition
Monopoly
Oligopoly
उत्तर
Indian Railways is an example of Monopoly.
Explanation:
Indian Railways is an example of a monopoly because it is India's sole provider of railway transportation services, which is government-controlled. There are no direct competitors in the rail transport business; hence, Indian Railways has complete control over price and services.
संबंधित प्रश्न
What do you mean by price discrimination?
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Explain three features of Perfect competitive market.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | (A) | Oligopoly |
| (ii) | Less elastic demand | (B) | Monopolistic competition |
| (iii) | More elastic demand | (C) | Perfect competition |
| (iv) | Indeterminate demand | (D) | Monopoly |
"The price of a product under perfect competition is determined by an individual seller."
Pick the option which does not belong to the group.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
What is meant by pure competition?
State the advantage of monopolistic competition over monopoly.
In which form of market is the seller a price taker? Justify your answer.
State the market form of the following commodity.
Railways
Give an example of monopoly.
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
What does perfectly elastic demand curve faced by a competitive firm indicate?
There are a large number of buyers and sellers under a ______ market.
Mention one feature of a monopoly market.
Name the characteristic which makes monopolistic competition different from perfect competition.
