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Identify the market form for seller A on the basis of the following information: Units of output sold 30, 40, 50 Price offered by seller A in ₹10, 10, 10 - Economic Applications

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प्रश्न

Identify the market form for seller A on the basis of the following information:

Units of output sold Price offered by seller A in ₹
30 10
40 10
50 10

विकल्प

  • Monopoly

  • Monopolistically competitive market

  • Perfect competition market

  • Monopsony

MCQ

उत्तर

Perfect competition market

Explanation:

In a perfect competition market, the price is constant regardless of the amount of output sold. The table shows that seller A offers a price of ₹10, which remains constant even when the amount sold increases from 30 to 50 units. This conduct is typical of perfect competition, in which firms are price takers and cannot affect market prices.

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Forms of Market Structure
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३६]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 28. | पृष्ठ १३६
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