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प्रश्न
Distinguish between perfect competition and monopolistic competition on the basis of the following:
(a) Number of sellers
(b) Nature of product
(c) Selling cost
उत्तर
The difference between perfect competition and monopolistic competition is given as follows:
| Basis | Perfect Competition | Monopolistic Competition |
| Number of Sellers | Under Perfect Competition market, there exist a large number of sellers for a particular commodity. | Under the Monopolistic Competition market, there exists a large number of sellers for a commodity. |
| Nature of Product | Firms under Perfect Competition, sell homogeneous products that are perfect substitutes of each other. | Firms under this market structure produce similar yet differentiated products that are 'close' substitutes of each other. |
| Selling Cost | No selling cost is required. | The selling cost is very significant. |
संबंधित प्रश्न
The objective of a seller in monopoly market is...............................
(loss \ profit \ negative profit \ zero profit)
Giving reason, state whether the following statement is true or false.
A Monopolist can sell any quantity he likes at a price.
Explain the implications of the following in an oligopoly market: A few or a few big sellers
Average revenue and Price are always equal under:(choose the correct alternative)
(a) Perfect competition only
b) Monopolistic competition only
(c) Monopoly only
(d) All market forms
Define monopoly.
Give reason or explain the following.
Price discrimination is possbile under monopoly.
Fill in the blank with proper alternatives given in the bracket:
Under monopoly there is existence of ______________ .
State whether the following statement is true or false.
There is no product differentiation under monopolistic competition.
Define or Explain :
Average revenue.
Give reasons or explain the following statements
There is single price in perfect competition.
Answer the following question
What are the features of Perfect Competition?
Answer the following question
What are the features of monopoly?
Answer the following question
What are the features of monopolistic competition?
State with reason whether you agree or disagree with the following statement
A seller is price maker in monopoly.
Distinguish between the following:
Natural monopoly and legal monopoly
Distinguish between the following:
Perfect competition and Monopolistic competition
State whether the following statement is TRUE and FALSE.
In a monopoly market, firm and industry are the same.
Fill in the blank with appropriate alternative given below
In ________ market, seller creates products differentiation.
Fill in the blank with appropriate alternative given below
Monopolist means __________ competitive.
Answer the following question.
What is the reason for an indeterminate demand curve under Oligopoly?
