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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.
Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.
- a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).
- b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).
- c)Assertion (A) is true, but Reason (R) is false.
- d)Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Direction: In the following questions, a statement of Assertion (A) i...
Understanding the Assertion and Reason
The statement involves analyzing the relationship between the assertion about Reliance's monopoly in telecommunications and the reasoning behind the definition of monopoly.
Assertion (A): Reliance has a monopoly in the sector of telecommunications with its Jio in India.
Reason (R): Monopoly is characterized when there is only one seller in the market, and the firm is a price maker.
Analysis of Assertion (A)
- False Assertion:
- While Reliance Jio is a significant player in the Indian telecommunications market, it does not hold a monopoly.
- The Indian telecom sector has multiple competitors, including Airtel, Vodafone-Idea, and others.
- Therefore, the market is characterized by competition rather than a single seller.
Analysis of Reason (R)
- True Reason:
- The definition provided for monopoly is accurate.
- A monopoly exists when a single seller controls the entire market and can set prices without competition.
Conclusion
- Given that Assertion (A) is false and Reason (R) is true, the correct choice is:
Option D: Assertion (A) is false, but Reason (R) is true.
This analysis clarifies that while the concept of monopoly is correctly defined, the statement regarding Reliance Jio's position in the telecommunications market is incorrect, as it faces substantial competition.
The statement involves analyzing the relationship between the assertion about Reliance's monopoly in telecommunications and the reasoning behind the definition of monopoly.
Assertion (A): Reliance has a monopoly in the sector of telecommunications with its Jio in India.
Reason (R): Monopoly is characterized when there is only one seller in the market, and the firm is a price maker.
Analysis of Assertion (A)
- False Assertion:
- While Reliance Jio is a significant player in the Indian telecommunications market, it does not hold a monopoly.
- The Indian telecom sector has multiple competitors, including Airtel, Vodafone-Idea, and others.
- Therefore, the market is characterized by competition rather than a single seller.
Analysis of Reason (R)
- True Reason:
- The definition provided for monopoly is accurate.
- A monopoly exists when a single seller controls the entire market and can set prices without competition.
Conclusion
- Given that Assertion (A) is false and Reason (R) is true, the correct choice is:
Option D: Assertion (A) is false, but Reason (R) is true.
This analysis clarifies that while the concept of monopoly is correctly defined, the statement regarding Reliance Jio's position in the telecommunications market is incorrect, as it faces substantial competition.
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Direction: In the following questions, a statement of Assertion (A) i...
A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods.
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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer?
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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer?.
Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Reliance has a monopoly in the sector of telecommunication with its Jio in India.Reason (R): Monopoly is characterised when there is only one seller in the market and the firm is a price maker.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
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