Download App

Non-Competitive Markets — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsNon-Competitive Markets1 Mark
Question
What is a price-maker firm?
✓

Answer

A price maker firm is one to fix the price itself because of its monopoly power.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Non-Competitive Markets→Non-Competitive Markets — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What do you mean by indifference map?
→
What is the behaviour of average revenue in a market in which a firm can sell more only by lowering the price?
→
Can Production Possibility Curve be a straight line?
→
Draw AC, AVC and AFC curves in a single diagram.
→
In which market form, there is no need of selling costs?
→
What is planned economy?
→
How is TP derived from AP?
→
What can you say about the number of buyers and sellers under monopolistic competition?
→
Define market for a good.
→
Under which market form a firm’s marginal revenue is always equal to price?
→