Unlike Perfect competition, Monopoly Market is totally opposite. There is 1. One Company (Seller) 2. No Substitute for the product in the market 3. No Competition 4 No Free Entry of any firm 5 Negatively sloped Demand Curve – Means Seller can only sell more product by reducing the price. 6 Price DisRead more
Unlike Perfect competition, Monopoly Market is totally opposite. There is
1. One Company (Seller)
2. No Substitute for the product in the market
3. No Competition
4 No Free Entry of any firm
5 Negatively sloped Demand Curve – Means Seller can only sell more product by reducing the price.
6 Price Discrimination – No fixed Price for everyone. Seller can reduce, or increase the prices depending quantity, area or any other reasons.
When in an Oligopoly market firms cooperative with each other in determining price and output, It is called cooperative monopoly. In compared with other forms of imperfect markets, we can say that if there is only one firm it is monopoly. Two firms – Duopoly, Few firms like 5 -6 firms. It Is OligopoRead more
When in an Oligopoly market firms cooperative with each other in determining price and output, It is called cooperative monopoly.
In compared with other forms of imperfect markets, we can say that if there is only one firm it is monopoly. Two firms – Duopoly, Few firms like 5 -6 firms. It Is Oligopoly
Broker’s commission on sale/purchase of goods is included in national income as?
The correct answer for tjhis question is option 3. (iii) It is ab income earned from rendering productive services
The correct answer for tjhis question is option 3. (iii) It is ab income earned from rendering productive services
See lessWhat are the main Features of Monopoly to keep in mind?
Unlike Perfect competition, Monopoly Market is totally opposite. There is 1. One Company (Seller) 2. No Substitute for the product in the market 3. No Competition 4 No Free Entry of any firm 5 Negatively sloped Demand Curve – Means Seller can only sell more product by reducing the price. 6 Price DisRead more
Unlike Perfect competition, Monopoly Market is totally opposite. There is
1. One Company (Seller)
2. No Substitute for the product in the market
3. No Competition
4 No Free Entry of any firm
5 Negatively sloped Demand Curve – Means Seller can only sell more product by reducing the price.
6 Price Discrimination – No fixed Price for everyone. Seller can reduce, or increase the prices depending quantity, area or any other reasons.
I hope that helps !
See lessWhat is Cooperative Oligopoly?
When in an Oligopoly market firms cooperative with each other in determining price and output, It is called cooperative monopoly. In compared with other forms of imperfect markets, we can say that if there is only one firm it is monopoly. Two firms – Duopoly, Few firms like 5 -6 firms. It Is OligopoRead more
When in an Oligopoly market firms cooperative with each other in determining price and output, It is called cooperative monopoly.
See lessIn compared with other forms of imperfect markets, we can say that if there is only one firm it is monopoly. Two firms – Duopoly, Few firms like 5 -6 firms. It Is Oligopoly