Advertisements
Advertisements
Question
What induces new firms to enter an industry?
Solution
Abnormal profit
RELATED QUESTIONS
Which two forms of market earn normal profit in the long run?
When products are differentiated on the basis of advertisements, brand names etc., it is called as ______.
Indian Railways is an example of ______.
There is no difference between perfect competition and pure competition.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
A holiday resort in a remote village is very popular among the tourists. Since the connectivity is very poor with the outer world, the owner employs the local villagers for the functioning of the resort.
This is a case of:
Which of the following is the least competitive market?
There are no substitute goods in a monopoly market. Give a reason to support your answer.
What is monopsony?
Give an example of monopsony.
Highlight the importance of selling costs in a monopolistically compatible market.
Identify the market form for the following:
Railways in India.
State the market form of the following commodity.
Railways
Identify the market form for the item given below:
A single buyer
Discuss any four differences between monopoly and monopolistic competition.
Which type of market structure is the following? Give reason.
Scooters
Which type of market structure is the following? Give reason.
Soft drinks
Why can a monopolist charge different prices in different markets?
There is inverse relation between price and demand for the product of a firm under ______.
