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प्रश्न
Identify the market form for the item given below:
Homogeneous goods
उत्तर
The market form for homogeneous goods is typically perfect competition.
संबंधित प्रश्न
The image above shows a departmental store of a market structure.
- Identify the form of market as observed from the above image.
- Discuss the features of this market form with respect to:
- Type of product
- Entry and exit of firms
- Selling cost
'Homogeneous products' is a characteristic of ______.
Differentiated products is a characteristic of ______.
A monopolist is price maker:
"The price of a product under perfect competition is determined by an individual seller."
Which of these feature's is found in both a perfectly competitive market and a monopolistically competitive market?
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Match the following:
| Column I | Column II | ||
| A. | Demand curve under perfect competition | (i) | Indeterminate demand curve |
| B. | Demand curve under monopoly | (ii) | Downward sloping but less elastic |
| C. | Demand curve under monopolistic competition | (iii) | Horizontal straight line |
| D. | Demand curve under oligopoly | (iv) | Elastic demand curve |
Give an example of monopsony.
What is meant by product differentiation?
Identify the market form of the following:
Goods sold are homogeneous.
Identify the market form for the following:
Railways in India.
Explain the main characteristics of a monopoly.
Which type of market structure is the following? Give reason.
Trucks
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
What is the effect on price when a perfectly competitive firm tries to sell more?
What is the difference between perfect and imperfect oligopoly?
Identify the market form from the following:
A few large sellers
