Identify the market forms for the following
(1) Railways in India.
(ii) Textile industry in India.
(ii) Perfectly elastic demand.
(iv) Telecom industry in India. (ICSE 2008)
Answers
Answered by
0
Answer:
perfectly elastic demand
Answered by
10
Answer:
1) railways in India : under Imperfect competitive Market =Monopoly Market. (only one single seller)
iv) Telecom industry in India : under Imperfect competitive Market = Oligopoly Market (3 to 10 sellers)
ii) perfectly elastic demand is for Perfect competitive Market were very large no of buyers as well as sellers are there.
ii )Textile industry in India : I guess it is Monopolistic Market (more than 10 sellers ) not confirmed about textile industry
Similar questions