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प्रश्न
What is meant by product differentiation?
Define product differentiation.
उत्तर
Product differentiation refers to differentiating the products on the basis of brand, size, colour, shape etc.
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संबंधित प्रश्न
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| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
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In what respects does oligopoly differ from monopoly?
Elaborate the price discrimination feature of monopoly.
Name the characteristic which makes monopolistic competition different from perfect competition.
