Advertisements
Advertisements
प्रश्न
Pick the option which does not belong to the group.
पर्याय
Railways
Shampoos
Televisions
Biscuits
उत्तर
Railways
Explanation:
Railways are typically a monopoly market (particularly in countries like India, where the government owns and operates the railways), whereas shampoos, televisions, and biscuits are products found in competitive markets such as monopolistic competition or oligopoly, in which many producers offer differentiated goods.
APPEARS IN
संबंधित प्रश्न
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
State two important characteristics of monopoly.
Identify the market form of the following:
Market for toilet soaps in India.
Explain the main characteristics of a monopoly.
To which market is price discrimination relevant?
Why can a monopolist charge different prices in different markets?
What induces new firms to enter an industry?
Identify the market form from the following.
Perfect knowledge
Name the characteristic which makes monopolistic competition different from perfect competition.
