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प्रश्न
What is the difference between perfect and imperfect oligopoly?
उत्तर
| S. No. | Feature | Perfect Oligopoly | Imperfect Oligopoly |
| 1. | Product Differentiation | Products are homogeneous (identical). | Products are differentiated (varied in some way). |
| 2. | Competition | Firms compete primarily on price. | Firms compete on both price and non-price factors (e.g., branding, features). |
| 3. | Examples | Markets for basic commodities like steel, cement. | Markets for cars, electronics, and branded goods. |
संबंधित प्रश्न
Discuss any two features of a monopolistically competitive market.
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Firm A hires the services of Rohit Sharma to act as the Brand ambassador for its products X. Identify the nature of market for commodity X.
Following is not the feature of perfect competition:
In monopolistic competition, there are ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
What is meant by pure competition?
Define monopolistic competition.
What are selling costs?
Identify the market form for the following:
Railways in India.
Identify the market form for the following:
Textile industry in India.
State the market form of the following commodity.
Shampoos
Give two examples of monopolistically competitive market.
Why can a monopolist charge different prices in different markets?
What induces new firms to enter an industry?
There are a large number of buyers and sellers under a ______ market.
Mention one feature of a monopoly market.
