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Non-Competitive Markets

Question

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State any one feature of oligopoly.

Solution

The foremost characteristic of oligopoly is interdependence of the various firms in the decision making.

Some More Questions From Non-Competitive Markets Chapter

Gross Investment and Net Investment

Domestic (Economic) Territory

National Income at Current and Constant Prices (Nominal and Real NI)

Consumption of Fixed Capital (Depreciation)

Factor Cost vs. Market Price (or Net Indirect Taxes)

Net Factor Income from Abroad (NFIA)

Value of Output vs. Value Added

Factor Payment (Income) vs. Transfer Payment (Income)

Sources of Domestic Income

Sectors of an Economy

Mock Test Series

Mock Test Series

NCERT Sample Papers

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