SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Fun Video: Understanding Oligopoly
Fun Video: Understanding Oligopoly Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Fun Video: Understanding Oligopoly Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is an oligopoly? |  |
Ans. An oligopoly is a market structure characterized by a small number of large firms dominating the industry. These firms have significant market power, which allows them to influence prices and control the market to some extent.
| 2. How do firms in an oligopoly compete with each other? | |
Ans. Firms in an oligopoly compete through various strategies such as price competition, non-price competition, and collusion. Price competition involves lowering prices to attract customers, while non-price competition focuses on product differentiation, advertising, and marketing. Collusion occurs when firms cooperate to reduce competition and maximize profits.
| 3. What are the advantages and disadvantages of an oligopoly? | |
Ans. The advantages of an oligopoly include economies of scale, innovation, and the potential for high profits. These large firms can invest in research and development, offer a wide range of products, and benefit from cost-saving efficiencies. However, the disadvantages include reduced consumer choice, potential collusion leading to higher prices, and barriers to entry for smaller firms.
| 4. How does an oligopoly impact consumers? | |
Ans. The impact of an oligopoly on consumers can be mixed. On one hand, consumers may benefit from lower prices resulting from intense competition among oligopolistic firms. On the other hand, limited competition can lead to higher prices, reduced product variety, and potentially lower quality goods or services. Consumers also have less power in influencing market outcomes in an oligopoly.
| 5. Can an oligopoly be regulated? | |
Ans. Yes, an oligopoly can be regulated by governments to prevent anti-competitive behavior and protect consumer interests. Regulations can include price controls, antitrust laws, and measures to promote competition. However, finding the right balance between regulation and allowing firms to compete can be challenging, as excessive regulation may stifle innovation and efficiency.
About this Video
|
4.92/5 Rating |
|
Nov 24, 2024 Last updated |
Video Description: Fun Video: Understanding Oligopoly for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Fun Video: Understanding Oligopoly have been prepared according to the SSC CGL exam syllabus.
Information about Fun Video: Understanding Oligopoly covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Fun Video: Understanding Oligopoly.
Introduction of Fun Video: Understanding Oligopoly in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Fun Video: Understanding Oligopoly in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Fun Video: Understanding Oligopoly Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Fun Video: Understanding Oligopoly
Here you can find the meaning of Fun Video: Understanding Oligopoly defined & explained in the simplest way possible.
Besides explaining types of Fun Video: Understanding Oligopoly theory, EduRev gives you an ample number of questions to practice Fun Video: Understanding Oligopoly tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Online Tests
,study material
,Previous Year
,MCQs
,Previous Year
,Viva Questions
,past year papers
,practice quizzes
,shortcuts and tricks
,Semester Notes
,Exam
,Fun Video: Understanding Oligopoly Video Lecture | SSC CGL Tier 2 - Study Material
,Summary
,Online Tests
,Previous Year Questions with Solutions
,Previous Year
,Extra Questions
,ppt
,mock tests for examination
,Objective type Questions
,Free
,Sample Paper
,Fun Video: Understanding Oligopoly Video Lecture | SSC CGL Tier 2 - Study Material
,Fun Video: Understanding Oligopoly Video Lecture | SSC CGL Tier 2 - Study Material
,Online Tests
,Important questions
,video lectures
;
Study Fun Video: Understanding Oligopoly on the App
Students of SSC CGL can study Fun Video: Understanding Oligopoly alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Fun Video: Understanding Oligopoly,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Fun Video: Understanding Oligopoly is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup