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प्रश्न
Explain the implications of the following in a perfectly competitive market:
Large number of buyers
Explain the implication of a large number of buyers in a perfectly competitive market.
उत्तर
A large number of buyers:- A perfectly competitive market is a market which consists of a large number of buyers and sellers. They produce a homogeneous product. When the number of buyers is more, the demand of an individual buyer is only a small portion of the market demand. Individual buyers cannot influence the market price of a good by varying their demands, and thus, an individual buyer is a price taker and not a price maker.
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संबंधित प्रश्न
State whether the following statement is True or False
Product differentiation is the most distinguishing feature of monopolistic competition.
Features of Monopolistic Competition.
The seller is a price maker in the perfect competition.
Explain the features of monopoly.
Explain the implications of the following : Product differentiation in monopolistic competition.
Explain the implications of the following in a perfectly competitive market:
Freedom of entry and exit to firms
Distinguish between perfect oligopoly and imperfect oligopoly. Also, explain the interdependence between the firms' feature of oligopoly.
Explain the significance of the feature 'product differentiation' in monopolistic competition.
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 ______________ .
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?
State with reason whether you agree or disagree with the following statement
A seller is price maker in monopoly.
Distinguish between the following:
Perfect competition and Pure competition
Match the following:
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Group A
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Group B
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Monopoly
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Public monopoly
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Product differentiation
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Abnormal profit
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Railway
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Monopolistic Competition
|
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Perfect Competition
|
Prof. Chamberlin
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Pure Competition
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Homogenous product
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|
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Cartel
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Selling cost
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Fill in the blank with appropriate alternative given below
Under perfect competition commodities are ________________ in nature.
In an economic sense, the market includes the following activities
- The place where goods are sold and purchased.
- An arrangement through which buyers and sellers come in close contact with each other directly or indirectly.
- A shop where goods are sold.
- All of the above.
Find the odd word
Selling cost -
