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Question
Identify the market form for the following:
Telecom industry in India.
Solution
The market form of the telecom industry in India is an oligopoly.
RELATED QUESTIONS
What do you mean by price discrimination?
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The image above shows a departmental store of a market structure.
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Match the following and select the correct option:
| Column I | Column II | ||
| (i) | Perfect competition | (A) | Differentiated Products |
| (ii) | Monopoly | (B) | Few large firms |
| (iii) | Monopolistic Competition | (C) | Single seller |
| (iv) | Oligopoly | (D) | Homogeneous products |
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Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Give an example of monopsony.
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Goods sold are homogeneous.
Name the market in which there is a single buyer and many sellers.
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Why can a monopolist charge different prices in different markets?
Identify the market form from the following.
Firm is a price maker.
There are a large number of buyers and sellers under a ______ market.
