Advertisements
Advertisements
Question
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.
Options
Monopsony market
Monopoly market
Monopolistic competition
Perfect competition
Solution
Monopolistic competition
APPEARS IN
RELATED QUESTIONS
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
There is no difference between perfect competition and pure competition.
Which of the following market types has the fewest number of firms?
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
Mention two features of monopoly.
Which type of market structure is the following? Give reason.
Scooters
Which type of market structure is the following? Give reason.
Soft drinks
Identify the market form from the following.
Firm is a price maker.
Mention one feature of a monopoly market.
Name the characteristic which makes monopolistic competition different from perfect competition.
