Question
In which market structure does a firm have the autonomy
to set prices?Solution
In a monopoly market structure, a single firm controls the entire market supply, granting it the power to set prices without direct competition. This unique position allows the monopolist to influence market prices significantly, often leading to higher prices for consumers due to the lack of alternative suppliers.
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
59.68% of √400 × 123.95 = ?
25.11% of 199.99 + √143.97 ÷ 6.02 = ?
(2520.33 ÷ 41.67) × (√168.88 + √80.78) - 10% of 1499.85 = ?
(1295.98)(1/4) + {40.02% of 150.09} × {√48.98 – √15.98} = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
181.87 ÷ 13.89 X 8.13 + ? = 11.852
(9/20 of 3998.93) - √2499.57 + (17.87% of 1199.67) = ?
1299.999 ÷ 325.018 × 24.996 = ?
[(120.96 × 12.09) ÷ ?] ÷ 6 = 19.96% of 55.07
