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प्रश्न
Which type of market structure is the following? Give reason.
Ball-pen
थोडक्यात उत्तर
उत्तर
The market structure for ball pens is monopolistic competition.
Reason:
- Many ball-pen manufacturers, including Parker, Reynolds, Cello, and others, provide identical devices with minor differences in design, ink quality, pricing, and branding.
- Each company tries to differentiate its product to attract customers, and while there are numerous brands, no single firm dominates the market.
- Monopolistic competition is defined by its focus on product differentiation and the presence of many enterprises.
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Forms of Market Structure
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संबंधित प्रश्न
In which type of market price discrimination is practiced? Explain with an example.
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 |
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Give an example of monopsony.
Give two characteristics of perfect competition.
Highlight the importance of selling costs in a monopolistically compatible market.
Which type of market structure is the following? Give reason.
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