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प्रश्न
To which market form are homogeneous products relevant?
उत्तर
Homogeneous products are a key feature of perfect competition.
संबंधित प्रश्न
Which two forms of market earn normal profit in the long run?
Identify the market having a single buyer and many sellers from the following:
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
Explain three features of Perfect competitive market.
“While shopping for fruits in the local market you see many seller selling fruits”. In this context answer the following:
- What is the type of market referred to?
- State and draw the type of demand curve faced by the market above.
- Differentiate between the market indicated above and monopoly on the basis of:
- No. of sellers
- Market price
- Entry and exit of firms in the market
Following is the feature of perfect competition:
Which among the following is a feature of monopsony market?
Imperfect knowledge is a characteristic feature of:
Which of the following market types has the fewest number of firms?
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.
Producers in a monopoly are price makers. Briefly explain.
Give an example of monopsony.
State two important characteristics of monopoly.
Why is there no need for selling cost under perfect competition?
Identify the market form for the item given below:
Product differentiation
Which type of market structure is the following? Give reason.
Jeans
Monopolistic competition is the perfect blending of monopoly and perfect competition. Explain.
There is inverse relation between price and demand for the product of a firm under ______.
What is a price making firm?
