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प्रश्न
Name the market which has characteristics both of monopoly and perfect competition.
उत्तर
Monopolistic competition has the characteristics both of monopoly and perfect competition. It has features of both monopoly and competition.
संबंधित प्रश्न
What do you mean by price discrimination?
Identify the market having a single buyer and many sellers from the following:
How is Perfect competitive market is different from a monopoly market?
Differentiated products is a characteristic of ______.
'A few big sellers' is a characteristic of ______.
A monopolist is price maker:
Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
There is no difference between perfect competition and pure competition.
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."
Which of the following is the least competitive market?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Buyers are ready to pay different prices for the product produced by different firms under perfect competition.
Reason (R): The products offered for sale in the perfect market are homogeneous.
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.
Mention two features of monopoly.
Explain the main characteristics of a monopoly.
What induces new firms to enter an industry?
What is the effect on price when a monopoly firm tries to sell more?
Elaborate the price discrimination feature of monopoly.
What is a price making firm?
