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Question
Identify the market form for the item given below:
Homogeneous goods
Solution
The market form for homogeneous goods is typically perfect competition.
RELATED QUESTIONS
In which type of market price discrimination is practiced? Explain with an example.
The image above shows a departmental store of a market structure.
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| 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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Textile industry in India.
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Which type of market structure is the following? Give reason.
Ball-pen
Why can a monopolist charge different prices in different markets?
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Identify the market form from the following.
Firm is a price maker.
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