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Any present or past examples for Monopoly and perfect competition?
Vagkoushik
Petrol Bunks are best example for perfect competition.The reason is all sellers sell same product with same price .The product differences if any is also same (like ordinary petrol /diesel & extra premium petrol /Diesel)
Stock Market also exhibits perfect competition.
In oligopoly market there are different sellers with product differential being wide in terms of technology & price. E.G, Mosquito repellents ,where cotton nets with repellent coating, coils, electronic repellents, repellent frequency sound wave repellents are seen in markets .Buyers who are rich will buy costly repellents & others will buy low priced items.
Monopoly market represent single seller & many buyers. LIC India enjoyed for many years monopoly in Life Insurance market. Railways in India is monopoly controlled by Central Government Railway Ministry . similarly petroleum product distribution is dealt by Petroleum ministry. Oil &
Natural Gas Commission is having monopoly.
Any producer with break through technology offers a product or service having no competitors enjoys monopoly. For sometime Maruti Udyog Ltd enjoyed monopoly over their spare parts.
Y S Ganesh
Wiki User
∙ 13y agoHey Guys , here is the answer for your querrie .........................
Example of MONOPOLY in INDIA - RAILWAYS.........
But it can't be taken as an absolute answer for the querrie............
Wiki User
∙ 12y agoMonopoly:
Monopoly is a market in which only one seller and many buyers like Wpda, PSO
Perfect Competition:
Perfect Competition is a market in which there is a large numbers of buyers and large numbers of sellers.
Wiki User
∙ 11y agoExamples of perfect competition are stock market, agriculture market and bicycle market of china.
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In what market models is X inefficiency least likely to be present 1 pure competition 2 oligopoly 3 monopolistic competition or 4 pure monopoly?
It is least likely to be in pure competition.
What is meant by perfect knowledge of the market in the perfect competition?
Perfect knowledge means that the customers know the past, present and the future status of the market.
How monopolistic competition like perfect competition?
Monopoly is a market structure where single seller sell its goods and service to large number of buyer. Monopoly firms itself industry because in monopoly only one seller are exists in market. Monopolistic market structure reflect the market situation where large no. of buyer and seller are enjoying. The main similarities between monopoly and monopolistic competition are as follow:- . 1) Both market are price maker i.e. price and level of output is decided by firm itself. 2) Large number of buyer are present in the market. 3) Product differentiated on the basis of size, brand, packing feature etc.
Perfect competition is efficient in the long run because price marginal cost and firms are producing at minimum?
Perfect competition is efficient in the long run because price _____ marginal cost and firms are producing at minimum _____.
What is the difference between monopoly and monopolistic competition in the context of diamond market?
Monopoly means a market situation in which there is only a single seller and large no. of buyers. whereas monopolistic competition is a market situation in which there is large no. of sellers and large number of buyers. In monopolistic competition, close substitutes are there in the sense that products are different in terms of size, color, packaging, brand, price, etc. as in the case of soap, toothpaste, etc. In monopoly, there is no close substitute of the good, if any, it will be a remote substitute. In monopolistic competition, there is aggressive advertising but in monopoly, there is no advertising at all or a very little. In monopolistic competition, demand curve faced by the firm is more elastic because of availability of close substitutes. It means if a firm raises its price, it will lose its large market share as customers in large will shift to close substitutes present in the market. In monopoly, the demand curve faced by the firm is less elastic because of no close substitutes. It means if the firm raises its price, demand will not fall in a large quantity as it is only one in the market.
In what market models is X inefficiency least likely to be present 1 pure competition 2 oligopoly 3 monopolistic competition or 4 pure monopoly?
It is least likely to be in pure competition.
What is meant by perfect knowledge of the market in the perfect competition?
Perfect knowledge means that the customers know the past, present and the future status of the market.
What is the present perfect tense of drinking?
I/You/We/They have drunk. He/She/It has drunk.
What part of speech is has?
The word 'has' is a verb and is often used in a verb phrase. examples: She has an apple. (simple present) He has a new car. (simple present) He has phoned three times today. (present perfect) She has eaten an apple. (present perfect)
Is broken past tense or present tense?
Broken is a past participle, which doesn't show any tense without auxiliary verbs. Examples: Had broken - past perfect tense Has/Have broken - present perfect tense Will have broken - future perfect tense
Is have studied a present perfect or past perfect?
It's a present perfect.
What are the different forms of the present perfect tense?
Present perfect tense and present perfect continuous tense.
What is the present perfect tense of hid?
The present perfect tense of "hid" is "have/has hidden."
How monopolistic competition like perfect competition?
Monopoly is a market structure where single seller sell its goods and service to large number of buyer. Monopoly firms itself industry because in monopoly only one seller are exists in market. Monopolistic market structure reflect the market situation where large no. of buyer and seller are enjoying. The main similarities between monopoly and monopolistic competition are as follow:- . 1) Both market are price maker i.e. price and level of output is decided by firm itself. 2) Large number of buyer are present in the market. 3) Product differentiated on the basis of size, brand, packing feature etc.
Perfect competition is efficient in the long run because price marginal cost and firms are producing at minimum?
Perfect competition is efficient in the long run because price _____ marginal cost and firms are producing at minimum _____.
What is the present perfect of follow?
The present perfect of follow is has/have followed.
What is the present perfect tense for are?
The present perfect tense of "are" is "have been."
