Advertisements
Advertisements
प्रश्न
In which form of market do producers and consumers have perfect knowledge about the market conditions?
उत्तर
- In perfect competition, producers and consumers are completely aware of market conditions.
- This means that all participants are fully informed about prices, products, and production techniques, allowing them to make the best judgements.
- As a result, no single producer or consumer has any influence over market prices.
संबंधित प्रश्न
What do you mean by price discrimination?
Which two forms of market earn normal profit in the long run?
A monopolist is price maker:
Imperfect knowledge is a characteristic feature of:
Which of the following is the least competitive market?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Under Perfect Competition, each firm faces a perfectly elastic demand curve.
Reason (R): Firm is a price maker under perfect competition.
What is monopsony?
State two important characteristics of monopoly.
Identify the market form for the following:
Textile industry in India.
Identify the market form for the item given below:
Homogeneous goods
Identify the market form for the item given below:
A single buyer
Name the market in which there is a single buyer and many sellers.
Give an example of price discrimination.
Which type of market structure is the following? Give reason.
Mobile phone services
Which type of market structure is the following? Give reason.
Jeans
Product differentiation is practised in monopolistic competition? Give reasons.
With the help of an example explain the meaning of price discrimination.
What induces new firms to enter an industry?
What is the difference between perfect and imperfect oligopoly?
What is the difference between collusive and non-collusive oligopoly?
