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Pick the option which does not belong to the group. (a) Railways (b) Shampoos (c) Televisions (d) Biscuits - Economic Applications

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Question

Pick the option which does not belong to the group.

Options

  • Railways

  • Shampoos

  • Televisions

  • Biscuits

MCQ

Solution

Railways

Explanation:

Railways are typically a monopoly market (particularly in countries like India, where the government owns and operates the railways), whereas shampoos, televisions, and biscuits are products found in competitive markets such as monopolistic competition or oligopoly, in which many producers offer differentiated goods.

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Forms of Market Structure
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Chapter 5: Nature and Structure of Markets - QUESTIONS [Page 135]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 5 Nature and Structure of Markets
QUESTIONS | Q 22. | Page 135
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