Chapter 5. Forms of Market Q.4. Find the odd word out Economics Hsc Maharashtra board

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board

 

Chapter 5. Forms of Market

Q.4. Find the odd word out:

1. Selling cost: Free gifts, Advertisement hoardings, Window displays, Patents.

ANS: - Patents.

 

2. Market structure on the basis of competition: Monopoly, Oligopoly, Very Short Period market, Perfect competition.

ANS: - Very Short Period market

 

3.Features of monopoly: Price maker, Entrybarriers, Many sellers, Lack of substitutes.

ANS: - Many sellers

 

4. Legal monopoly: Patent, OPEC, Copyright, Trademark.

ANS: OPEC