हिंदी

In Which Market Form Can a Firm Not Influence the Price of the Product? - Economics

Advertisements
Advertisements

प्रश्न

In which market form can a firm not influence the price of the product? 

उत्तर

Under perfect competition, no individual firm can influence the price of the product. That is why, all individual firms under perfect competition are regarded as price taker. 

shaalaa.com
Features of Perfect Competition
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2009-2010 (March) All India Set 1

संबंधित प्रश्न

Explain the implications of the following : Perfect knowledge in perfect competition.


Explain Perfect knowledge about the markets feature of perfect competition.


Under what market condition does Average Revenue always equal Marginal Revenue? Explain.


Explain the implication of ‘freedom of entry and exit to the firms’ under perfect competition. 


What are the characteristics of a perfectly competitive market?


Show with the help of a diagram, how a perfectly competitive firm earns a normal profit in short-run equilibrium.


Answer the following question.
Is a firm under perfect competition a price taker, or a price maker? Justify your answer.


Identify the market form and explain the corresponding feature, as given in the following statement:
"The commodity in this market has attributes which are identical for sellers and buyers."


Explain the short-run equilibrium of a firm facing losses under Perfect Competition.


How is Total Revenue under perfect competition different from Total Revenue under imperfect competition? Give two points to show the difference.


A perfectly competitive firm always enjoys normal profit in the long run, irrespective of the situation it faces in the short run. Discuss the statement in brief.


A car company ‘W’ hired an international cricket player for its endorsement in India, while two other car companies’ ‘Y’ and ‘R’ hired two famous Bollywood film stars for this purpose. Explain the features of the competitive market indicated above.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×