Advertisements
Advertisements
प्रश्न
Which of the following is the least competitive market?
पर्याय
Farming
Indian Railways
Air India
Mcdonald's
उत्तर
Indian Railways
Explanation:
Indian Railways runs as a monopoly, with just one provider of train services in the country, making it the least competitive market. Unlike farming, Air India, and McDonald's, which compete in their own marketplaces, Indian Railways has no direct competitors in the rail transit industry.
APPEARS IN
संबंधित प्रश्न
A seller cannot influence the market price under:
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.
To which market is product differentiation relevant?
State the advantage of monopolistic competition over monopoly.
Identify the market form of the following:
The Government of India is the sole buyer of fighter aircrafts.
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Trucks
What is the difference between perfect and imperfect oligopoly?
Why are selling costs incurred?
