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प्रश्न
Name the characteristic which makes monopolistic competition different from perfect competition.
उत्तर
The goods produced by the firms under monopolistic competition are not homogeneous like in the case of perfect competition. Firms under monopolistic competition produce differentiated products.
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संबंधित प्रश्न
Identify the market having a single buyer and many sellers from the following:
"The price of a product under perfect competition is determined by an individual seller."
Observe the relationship of the first pair of words and complete the second pair.
Single seller in the market : Monopoly
Single buyer in the market : ______
Imperfect knowledge is a characteristic feature of:
Give an example of oligopoly.
Give an example of monopsony.
Name the market in which there is a single buyer and many sellers.
With the help of an example explain the meaning of price discrimination.
There are a large number of buyers and sellers under a ______ market.
What is a price making firm?
