Advertisements
Advertisements
प्रश्न
State any two features of Oligopoly.
उत्तर
- Few sellers and many buyers: A few merchants offer huge amounts of items in an oligopoly market. The number of sellers is modest, but everyone has a large market for their commodities.
- Mutual Interdependence: As a result, there is a high level of mutual dependency, which implies that one firm's pricing and production plans have a significant impact on the pricing and production strategies of the other firms in the market.
APPEARS IN
संबंधित प्रश्न
Answer the following question.
Why are the firms said to be interdependent in an oligopoly market? Explain.
Distinguish between cooperative and non-cooperative oligopoly
Explain the cause of the limited number of firms in an oligopoly market.
Why is the number of firms small in oligopoly? Explain.
Why is the number of firms small in an oligopoly market? Explain.
Choose the correct answer from given options
There are only a few sellers under
Elaborate three main features of an oligopoly form of market.
Explain the meaning of the following features of the Oligopoly Market :
(a) Non-Price Competition
(b) Few Sellers
Briefly discuss the importance of Selling Cost under oligopoly market.
Sometimes, a firm considers the action and reaction of its rival firms while determining its price and output levels.
Which market form does such firm belong to?
