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प्रश्न
What is the effect on price when a monopoly firm tries to sell more?
उत्तर
If a monopolist tries to sell more, it must lower the price of its product.
संबंधित प्रश्न
Non-price competition is ______.
'Homogeneous products' is a characteristic of ______.
Which of the following statements are true?
- Monopolistically competitive markets have high selling costs.
- Monopolistically competitive markets sell homogeneous goods.
- Any firm can start a business in a monopolistically competitive market.
Identify the market form for seller A on the basis of the following information:
| Units of output sold | Price offered by seller A in ₹ |
| 30 | 10 |
| 40 | 10 |
| 50 | 10 |
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Producers in a monopoly are price makers. Briefly explain.
There are no substitute goods in a monopoly market. Give a reason to support your answer.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the item given below:
A single seller
Give an example of price discrimination.
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Mobile phone services
Which type of market structure is the following? Give reason.
Lipstick
Which type of market structure is the following? Give reason.
Soft drinks
Which type of market structure is the following? Give reason.
Ball-pen
What does perfectly elastic demand curve faced by a competitive firm indicate?
Name the characteristic which makes monopolistic competition different from perfect competition.
