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To which market is product differentiation relevant? - Economic Applications

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प्रश्न

To which market is product differentiation relevant?

To which market form is product differentiation relevant? 

एक पंक्ति में उत्तर

उत्तर

Product differentiation is a key feature of monopolistic competition.

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Forms of Market Structure
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Nature and Structure of Markets - QUESTIONS [पृष्ठ १३८]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTIONS | Q 14. ii | पृष्ठ १३८
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
Exercise | Q 15. (ii) | पृष्ठ ११६
गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 5 Nature and Structure of Markets
QUESTION BANK | Q 8. ii | पृष्ठ १४०
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 5 Meaning and Types of Markets
QUESTION BANK | Q 8. (ii) | पृष्ठ ११७

संबंधित प्रश्न

The image above shows a departmental store of a market structure.

  1. Identify the form of market as observed from the above image.
  2. Discuss the features of this market form with respect to:
    1. Type of product
    2. Entry and exit of firms
    3. Selling cost

Following is not the feature of perfect competition:


Differentiated products is a characteristic of ______.


Marginal revenue of a firm is constant throughout under:


The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.


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.


Give two characteristics of perfect competition.


What are selling costs?


Highlight the importance of selling costs in a monopolistically compatible market. 


In which form of market is the seller a price taker? Justify your answer. 


Identify the market form of the following:

Motor car market in India.


Identify the market form for the following:

Railways in India.


Identify the market form for the following:

Perfectly elastic demand.


State the market form of the following commodity.

Railways 


Identify the market form for the item given below:

A single buyer


Which type of market structure is the following? Give reason.

Jeans


With the help of an example explain the meaning of price discrimination. 


To which market form are homogeneous products relevant? 


What is meant by barriers to entry?


There is inverse relation between price and demand for the product of a firm under ______.


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