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Question
Identify the market form from the following:
A few large sellers
Solution
Oligopoly
RELATED QUESTIONS
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
Marginal revenue of a firm is constant throughout under:
A monopolist is price maker:
There is no difference between perfect competition and pure competition.
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Imperfect knowledge is a characteristic feature of:
Read the following statements carefully and choose the correct alternative:
Assertion (A): Price discrimination is possible under monopoly.
Reason (R): A monopolist can charge different prices in different markets because different sets of consumers - rich and poor - have different price elasticity of demand for the monopolist's product.
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the item given below:
Product differentiation
In which form of market do producers and consumers have perfect knowledge about the market conditions?
Which type of market structure is the following? Give reason.
Ball-pen
Product differentiation is practised in monopolistic competition? Give reasons.
With the help of an example explain the meaning of price discrimination.
What is meant by the term 'price taker'?
What induces new firms to enter an industry?
What is the difference between collusive and non-collusive oligopoly?
Identify the market form from the following.
Price discrimination
There are a large number of buyers and sellers under a ______ market.
Why an individual firm under perfect competition cannot influence the market price?
