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प्रश्न
The seller in a monopoly market is a price maker.
पर्याय
True
False
उत्तर
This statement is True.
Explanation:
In a monopoly market, the seller sets the price since they are the lone provider of a product or service with no close substitutes. Because there are no competitors to affect market prices, the monopolist has considerable pricing power.
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संबंधित प्रश्न
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
In monopolistic competition, there are ______.
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:
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.
Why is there no need for selling cost under perfect competition?
Identify the market form for the following:
Telecom industry in India.
Identify the market form for the item given below:
A single buyer
To which market form are homogeneous products relevant?
Elaborate the price discrimination feature of monopoly.
Why do producers incur high selling costs in an imperfect market?
