In which of the following market structure is the degree of control over the price of its product by a firm very large?

Imperfect competition
Perfect competition
Monopoly
In A and B both

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 3

In Monopoly market structure the degree of control over the price of its product by a firm very large. In a monopoly type of market structure, there is only one seller, so a single firm will control the entire market. It can set any price it wishes since it has all the market power. Consumers do not have any alternative and must pay the price set by the seller.

4 views Answered 2022-09-01 13:21

Related Questions

The Parliament exercises control over council of ministers, the real executive, in several ways. Which one of the following has been wrongly listed as a method of control over executive?

1 Answers 5 Views

Smaller sized packings are generally dumped to the packed columns, and the large ones of size greater than __________ mm are stacked individually, which provides better control over bed porosity and offers lower gas pressure drop.?

1 Answers 5 Views

Consider the following statement and identify with the help of the code the tree with which the statement is related to The branches of this tree root themselves like new trees over a large area. The roots then give rise to more trunks and branches. Because of this characteristic and its longevity, this tree is considered immortal and is an integral part of the myths and legends of India.?

1 Answers 5 Views

In which form of the market structure is the degree of control over the price of its product by a firm very large?

1 Answers 4 Views

Under which of the following forms of market structure does a firm have no control over the price of its product?

1 Answers 4 Views

Price-taking firms i.e., firms that operate in a perfectly competitive market, are said to be 'small' relative to the market. Which of the following best describes this smallness?

1 Answers 4 Views

Under which market structure, average revenue of a firm is equal to its marginal revenue?

1 Answers 4 Views

An approach in which company under-costs it's one product and over-costs at least one product is classified as?

1 Answers 6 Views

Which of the following firm’s emphasis on product’s benefits to the customers rather than on product attributes?

1 Answers 5 Views

an organisation increases its sales through greater marketing efforts, and expands its workforce and production capacity to cope with the increase in demand for its product, it is following a growth strategy in which growth is achieved through:?

1 Answers 6 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)