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प्रश्न
What is meant by barriers to entry?
उत्तर
Barriers to entry means something that prevents the new firms from entering the industry (or market).
संबंधित प्रश्न
Selling costs are absent in perfect competition market.
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
A seller cannot influence the market price under:
Indian Railways is an example of ______.
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 |
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.
Which of the following market types has the fewest number of firms?
Which one of the following is NOT found in a perfectly competition market?
Which of the following is the least competitive market?
Producers in a monopoly are price makers. Briefly explain.
State two important characteristics of monopoly.
Highlight the importance of selling costs in a monopolistically compatible market.
State the market form of the following commodity.
Railways
Identify the market form for the item given below:
A single seller
Which type of market structure is the following? Give reason.
Scooters
To which market form are homogeneous products relevant?
In what respects does oligopoly differ from monopoly?
Elaborate the price discrimination feature of monopoly.
Identify the market form from the following.
Firm is a price maker.
