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प्रश्न
Which type of market structure is the following? Give reason.
Trucks
उत्तर
The market structure for trucks is oligopoly.
Reason:
Ford, Volvo, Tata, and Daimler lead the truck market. These companies create diverse goods with distinguishing characteristics such as different engine types, sizes, and technology. Thus, the truck market is an oligopoly, with a few large producers dominating.
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संबंधित प्रश्न
Indian Railways is an example of ______.
Indian Oil Corporation Limited is an example of a/an ______.
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Identify the market form for the item given below:
Homogeneous goods
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Ball-pen
What does perfectly elastic demand curve faced by a competitive firm indicate?
Identify the market form from the following:
A few large sellers
